{"data":{"id":"us-ky/krs-154.31-020","jurisdiction":"us-ky","citation":"KRS 154.31-020","heading":"Annual incentive cap established -- Requirements for qualification for","body":"incentives -- Maximum incentives available to an approved company.\n(1) The maximum amount of sales and use tax incentives that may be committed in\neach fiscal year by the  authority shall be capped at twenty million dollars\n($20,000,000) for building and construction materials, and five million dollars\n($5,000,000) for equipment used for research and development, electronic\nprocessing, or flight simulation.\n(2) (a) To qualify for the sales and use tax incentives available under this subchapter,\nan eligible company shall make a minimum investment of at least five\nhundred thousand dollars ($500,000) in an economic development project,\nincluding the cost of land, but excluding the cost of labor.\n(b) To qualify for the sales and use tax incentive available under this subchapter\nfor electronic processing equipment, in addition to the requirements of\nparagraph (a) of this subsection, the eligible company shall spend an aggregate\namount of at least fifty thousand dollars ($50,000) on electronic processing\nequipment installed as part of the economic development project.\n(3) (a) The maximum sales and use tax incentive available to an approved company\nunder this subchapter is the total amount of sales and use tax paid on\npurchases made on the following items, up to the approved recovery amount\nafter approval by the authority:\n1. Building and construction materials;\n2. Research and development equipment;\n3. Electronic processing equipment; and\n4. Flight simulation equipment.\n(b) An approved company may qualify for a sales and use tax incentive in more\nthan one (1) category listed in paragraph (a) of this subsection for the same\neconomic development project. If the authority approves an eli gible company\nto receive the sales and use tax incentives in more than one (1) category, the\nauthority shall allocate the incentives to the appropriate cap established by\nsubsection (1) of this section.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=48355","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:55Z","sha256":"622680f8b8cde59b6d9ae889cabb3b9dba3cc56813c701fc737a4753ad99f6af","source_id":"us-ky","stale":false,"prev":"us-ky/krs-154.31-010","next":"us-ky/krs-154.31-030"},"notice":"GroundRules: Original legal text. Not legal advice."}