Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Credit for Kentucky taxpayers investing in state-approved small businesses. Provides a 40% income tax credit (50% for investments in Appalachian Kentucky) on investments of $10,000–$500,000 in qualifying early-stage Kentucky companies.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Investment must be in KY-approved small innovative business
2.Minimum investment: $10,000; maximum: $500,000
3.Credit: 40% of investment (50% in Appalachian KY)
4.Business must have under $5M in assets and under 25 employees
5.Credit allocated on first-come basis; annual statewide cap applies
OEDIT · Colorado
3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.
KCED · Kentucky
Rewards existing Kentucky manufacturers that reinvest in their facilities. Companies making significant capital improvements and retaining jobs can receive income tax credits on eligible costs.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.