{"data":{"id":"us-ky/krs-65.6851","jurisdiction":"us-ky","citation":"KRS 65.6851","heading":"Option to impose assessment fee on certain newly created jobs --","body":"Limitation on amount -- Tax credit for assessed employees -- Restriction on\nmultiple assessments -- Termination -- Requirements to exercise option --\nTransition provisions.\nFor any devel opment area for which increments do not include revenues from the\nCommonwealth:\n(1) Any governing body establishing a development area may impose an assessment on\neach person employed in the development area, as a condition of employment,\nwhose job was new ly created as a result of a project, and as determined by the\npolicies and procedures established by the governing body, subject to the conditions\nin subsection (6) of this section, and who is subject to the state tax imposed by KRS\n141.020. A job shall no t be deemed to be newly created under this section if it\noccurs due to the relocation of jobs from another location within the\nCommonwealth.\n(2) Subject to KRS 65.6853, the total assessment levied by any governing body within\nthe development area shall not  exceed an amount equal to two percent (2%) of the\ngross wages of the employee.\n(3) Each person so assessed shall be entitled to credits against any local occupational\nlicense fee or payroll tax of the governing body that established the development\narea and the job development assessment fee, if an occupational license fee is then\nlevied by that governing body and is not otherwise totally used as a credit against\nassessments imposed under Subchapter 23, 24, or 26 of KRS Chapter 154, and\nprovided that the a mount does not exceed the amount of the occupational licensing\nfee or payroll tax paid to that local government by the employee. If the governing\nbody that created the job development assessment fee has no occupational license\nfee, the employee shall not b e entitled to receive a credit against any other\ngovernmental agency's occupational license fee.\n(4) Subsequent to the establishment of a development area by one (1) governing body,\nno other governing body may levy an assessment in any portion of the devel opment\narea that would cause the total assessment in any portion of the development area to\nexceed two percent (2%) of the gross wages of the employee, subject to KRS\n65.6853. If more than one (1) governing body jointly establishes a development\narea, the governing bodies that establish the development area shall agree upon the\namount of the assessment and the manner by which the assessment is to be prorated\namong the governing bodies establishing the development area.\n(5) Any assessment of employees in con nection with their employment at a project\nlevied under this section shall permanently lapse on the date:\n(a) Any bonds issued in connection with acquiring or developing the\ninfrastructure of a development area, in accordance with KRS 65.680 to\n65.699, are retired; or\n(b) Any loans or other financing incurred in connection with the establishment of\na development area mature or are prepaid in full.\n(6) For the purposes of this section:\n(a) The development area shall be a previously undeveloped tract of land;\n(b) No more than five hundred (500) acres may be approved in any twelve (12)\nmonth period in any county; and\n(c) Acceptable developments shall be limited to projects as defined in KRS\n65.680.\n(7) Any agency that has established a development area under KR S 65.680 to 65.699\nprior to July 15, 2002, unless otherwise approved by the agency, shall continue to\noperate under the provisions of KRS 65.680 to 65.699 as determined by the policies\nand procedures established by the agency prior to July 15, 2002.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23452","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:22Z","sha256":"2ed47add40c30edb0dd20cece09dbc3f9bf89c730d6a510d567c05fca588ddf4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.684","next":"us-ky/krs-65.6853"},"notice":"GroundRules: Original legal text. Not legal advice."}