{"data":{"id":"us-ky/krs-154.20-232","jurisdiction":"us-ky","citation":"KRS 154.20-232","heading":"Purpose of KRS 154.20-230 to 154.20-240.","body":"(1) KRS 154.20-230 to 154.20-240 shall be known as the \"Kentucky Angel Investment\nAct.\"\n(2) The purpose of KRS 141.396 and 154.20 -230 to 154.20-240 is to encourage capital\ninvestment in the Commonwealth by individual investors that will further the\nestablishment or expansion of small businesses, create additional jobs, and foster\nthe development of new products and technologies, by providing tax credits for\ncertain investments in small businesses located in the Commonwealth, operating in\nthe fields of knowledge -based, high -tech, and research and development, and\nshowing a potential for rapid growth.\n(3) To participate in the program created by KRS 141.396 and 154.20 -230 to 154.20 -\n240:\n(a) Small businesses and individual investors shall request certification from  the\nauthority pursuant to KRS 154.20 -236. To be qualified, the small businesses\nand individual investors shall fulfill the requirements outlined in KRS 154.20 -\n234;\n(b) Once certified, qualified investors may apply to the authority for a credit in\nreturn f or making the investment if that investment qualifies under KRS\n154.20-234; and\n(c) Once the authority certifies the qualified investment, the qualified investor\nmay effectuate the investment, pursuant to any and all guidelines issued by the\nauthority.\n(4) Any qualified investment made in a qualified small business under KRS 154.20-230\nto 154.20 -240 shall be used by that business, insofar as possible, to leverage\nadditional capital investments from other sources.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=51545","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:53Z","sha256":"d61d4fd5b9204e8aa90aaa4668f1e2fc1412c5a70011abb06102cca2dcbbc21b","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.20-230","next":"us-ky/krs-154.20-234"},"notice":"GroundRules: Original legal text. Not legal advice."}