{"data":{"id":"us-ky/krs-154.20-204","jurisdiction":"us-ky","citation":"KRS 154.20-204","heading":"Total tax refund incentive -- Application and approval of eligible","body":"company -- Transfer of designation as approved company.\n(1) The total tax refund incentive available for commitment by the authority for all\nprojects, for each fiscal year, shall no t exceed twenty million dollars ($20,000,000)\nfor building and construction materials and five million dollars ($5,000,000) for\nequipment used in research and development.\n(2) If an eligible company proposes to locate or expand its business in the state, t he\neligible company may submit an application to the authority to become an approved\ncompany pursuant to KRS 154.20-200 to 154.20-216.\n(3) When the application of an eligible company is complete, it shall be brought before\nthe authority for approval.\n(4) The eligible company shall only be designated an approved company for the\nspecific, discrete project contained in its application.\n(5) A company may transfer its designation as an approved company for the project to\nanother company upon prior notification t o the authority in a manner prescribed by\nthe authority. The company to which approval is transferred shall be eligible for the\nincentives to which the transferring company was entitled on the entire project.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=2688","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:53Z","sha256":"bb0adf12282486e9d4db677955196c40be9f9bf78437d50ceac62a8b8bbec032","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.20-203","next":"us-ky/krs-154.20-206"},"notice":"GroundRules: Original legal text. Not legal advice."}