{"data":{"id":"us-ky/krs-154.27-060","jurisdiction":"us-ky","citation":"KRS 154.27-060","heading":"Severance tax incentives.","body":"(1) (a) Notwithstanding any other provision of KRS 134.580 or KRS Chapter 143, an\napproved company that purchases or severs coal that:\n1. Is subject to the tax imposed under KRS 143.020; and\n2. Is used by the approved company exclusively as feedstock for an\nalternative fuel facility, energy -efficient alternative fuel facility, or a\ngasification facility;\nmay be eligible for an incentive in an amount up to eighty percent (80%) of\nthe taxes paid pursuant to KRS 143.020 on coal purchased or severed by the\napproved company that is above the base amount.\n(b) Notwithstanding any other provision of KRS 134.580 or KRS Chapter 143A,\nan approved company that purchases or severs natural gas or natural gas\nliquids on or after August 1, 2010, that:\n1. Is subject to the tax imposed under KRS 143A.020; and\n2. Is used by the approved company exclusively as feedstock for an\nalternative fuel facility described in KRS 154.27-020(4)(d);\nmay be eligible for an incentive in an amount up to eighty percent (80%) of\nthe taxes paid pursuant to KRS 143A.020 on natural gas or natural gas liquids\npurchased or severed by the approved company that is above the base amount.\n(2) An approved company that has purchased or severed coal subject to the tax imposed\nunder KRS 143.020 or purchased or sever ed natural gas or natural gas liquids\nsubject to the tax imposed under KRS 143A.020 prior to the execution of a tax\nincentive agreement shall not create an affiliate, subsidiary, corporation, or other\nrelated entity that would result in a base amount of zero (0).\n(3) The incentive may be requested beginning in the first calendar year after the\nconstruction of a new facility or the upgrade or retrofit of an existing facility is\ncompleted.\n(4) Upon completion of the construction of a new alternative fuel faci lity, energy -\nefficient alternative fuel facility, or gasification facility or the retrofit or upgrade of\nan existing facility, an approved company shall notify the authority and the\ndepartment.\n(5) The approved company may obtain the incentive on an annual basis by filing a\nrequest for the incentive with the department as provided in KRS 143.024.\n(6) The department shall notify the authority of the incentives requested and the\nincentives distributed, upon request of the authority.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=2816","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:55Z","sha256":"b174059252598a0c4d35d65bf812d9c20d5480c62d7e5592e0a897b829c3259b","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.27-050","next":"us-ky/krs-154.27-070"},"notice":"GroundRules: Original legal text. Not legal advice."}