{"data":{"id":"us-ky/krs-154.27-070","jurisdiction":"us-ky","citation":"KRS 154.27-070","heading":"Sales and use tax incentives.","body":"(1) Notwithstanding KRS 134.580(3) and 139.770, on or after January 1, 2008, an\napproved company is eligible for an incentive in an amount up to one hundred\npercent (100%) of the Kentucky sales and use tax paid, reduced by the vendor\ncompensation provided unde r KRS 139.570, on the purchase of tangible personal\nproperty, including but not limited to materials, machinery, and equipment used to\nconstruct, retrofit, or upgrade an eligible project.\n(2) The incentive shall not include tangible personal property purch ased before the\nactivation date or purchases of operating supplies, or repair, replacement, or spare\nparts as defined in KRS 139.010.\n(3) Upon the activation date, an approved company may be eligible for the incentive\noffered under this section. The approv ed company shall file a request for the\nincentive payment with the department as provided in KRS 139.517.\n(4) The incentive provided in this section shall expire upon the completion of the\nconstruction, retrofit, or upgrade of the eligible project, or five  (5) years from the\nactivation date, whichever is earlier.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=2817","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:55Z","sha256":"9c315017c0f97eaf833ed22b0f5066d2f270dfb7bd242327b0dce3920cdca06f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.27-060","next":"us-ky/krs-154.27-080"},"notice":"GroundRules: Original legal text. Not legal advice."}