{"data":{"id":"us-ky/krs-154.28-110","jurisdiction":"us-ky","citation":"KRS 154.28-110","heading":"Assessment based on employee's gross wages -- Employee tax credits.","body":"(1) The approved company or, with the authority's consent, an affiliate of the approved\ncompany may require, in lieu of receiving the income tax credits described in KRS\n154.28-090, that each employee subject to state tax imposed by KRS 141.020, as a\ncondition of employment, agree to pay an assessment, equal to three percent (3%) of\nthe gross wages of each employee whose job was created as a result of the economic\ndevelopment project, for the purpose of recovering authorized approved costs as set\nforth in the agreement.\n(2) Each employee so assessed shall be entitled to a credit against Kentucky income tax\nwithheld as provided by KRS 141.310 and 141.350 equal to the assessment\nwithheld from his or her wages during the calendar year.\n(3) If an approved company sh all elect to impose the assessment as a condition of\nemployment, it shall be authorized to deduct the assessment from each paycheck of\neach employee.\n(4) Any approved company collecting an assessment as provided in subsection (1) of\nthis section shall make  its payroll books and records available to the authority at\nsuch reasonable times as the authority shall request and shall file with the authority\ndocumentation respecting the assessment as the authority may require.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=2833","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:55Z","sha256":"eacaee67ff259a3eccced1c4e6e73465a81a410c594b28d0c44347196efc4961","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.28-105","next":"us-ky/krs-154.28-120"},"notice":"GroundRules: Original legal text. Not legal advice."}