{"data":{"id":"us-ky/krs-198a.055","jurisdiction":"us-ky","citation":"KRS 198A.055","heading":"Administration of certified rehabilitation tax credit -- Administrative","body":"regulations.\n(1) The corporation shall work with the Kentucky Heritage Council to administer the\ncertified rehabilitation credit permitted by KRS 171.398.\n(2) For commercial  residential property that is granted credit based on thirty percent\n(30%) of qualified rehabilitation expenses for providing housing that is affordable\nto households earning eighty percent (80%) or less of the median family income,\nthe corporation shall e nsure that the commercial residential property remain\ncompliant with this requirement for a minimum of five (5) years within the\ncompletion of the certified rehabilitation.\n(3) The corporation, in conjunction with the Kentucky Heritage Council and the\nDepartment of Revenue, may promulgate administrative regulations in accordance\nwith KRS Chapter 13A to establish policies and procedures to ensure compliance\nwith this section.","path":["KRS Chapter 198A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=56941","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:50Z","sha256":"22c5826184137348dc4c5234de7782ddfd3153fb52493d458d5dd3830fc5e28f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-198a.050","next":"us-ky/krs-198a.060"},"notice":"GroundRules: Original legal text. Not legal advice."}