{"data":{"id":"us-ky/krs-154.27-050","jurisdiction":"us-ky","citation":"KRS 154.27-050","heading":"Release of sales tax incentives under tax incentive agreement --","body":"Monitoring, tracking, and reporting requirements.\n(1) The department may release to an approved company any sales tax incentives under\nKRS 139.517 and 154.27 -070 after review of the request for incentives required by\nKRS 139.517 and determination of the amount due regardless of whether the\nminimum capital investment has been made as required by the tax incentive\nagreement.\n(2) The authority shall monitor all tax incentive agreemen ts. The authority may seek\nassistance from the Office of Energy Policy, the Department of Revenue, the Center\nfor Applied Energy Research, or other entities or individuals in performing its\nmonitoring functions.\n(3) The department shall track the amount of  revenues released and incentives received\nfor each eligible project under each tax incentive agreement and shall provide the\nauthority the information upon request.\n(4) By November 1 of each year, the authority and the department shall jointly prepare\nan annual report and post it to the Cabinet for Economic Development Web site as\nrequired in KRS 154.12 -2035. The report shall include a list of all companies with\nwhich tax incentive agreements have been entered into and a summary of the terms\nof each agreement, including the type of facility approved, product to be produced,\nestimated output upon completion, required minimum capital investment and\nmaximum recovery, incentives approved by type of tax and amount, activation date,\nand termination date.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=43521","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:55Z","sha256":"8fae9512c6d6cfe88b27566e4576a63aea3305760fe2f4a06b1ec4e8cb846801","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.27-040","next":"us-ky/krs-154.27-060"},"notice":"GroundRules: Original legal text. Not legal advice."}