{"data":{"id":"us-ky/krs-141.395","jurisdiction":"us-ky","citation":"KRS 141.395","heading":"Tax credit for construction of research facilities.","body":"(1) As used in this section:\n(a) \"Construction of research facilities\" means constructing, remodeling, and\nequipping facilities in this state or expanding existing facilities in this state for\nqualified research and includes only tangible, depreciable property , and does\nnot include any amounts paid or incurred for replacement property; and\n(b) \"Qualified research\" means qualified research as defined in Section 41 of the\nInternal Revenue Code.\n(2) A nonrefundable credit in the amount determined in subsection (3)  of this section is\npermitted against the tax assessed by both KRS 141.020 or 141.040 and 141.0401,\nwith the ordering of credits as provided in KRS 141.0205, for the construction of\nresearch facilities. Any unused credit may be carried forward ten (10) years.\n(3) The credit allowed in subsection (2) of this section shall equal five percent (5%) of\nthe qualified costs of construction of research facilities.","path":["KRS Chapter 141"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29130","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:35Z","sha256":"0837b8bb9d6cb540ba1c09932d5f722bac0f9e22bfbc4ad61dd8fc8ea1f05a99","source_id":"us-ky","stale":false,"prev":"us-ky/krs-141.392","next":"us-ky/krs-141.396"},"notice":"GroundRules: Original legal text. Not legal advice."}