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Tax CreditKentuckyActiveVerified

Kentucky Rural Economic Development Act (KREDA)

Kentucky Cabinet for Economic Development (KyCED)KY-KREDARefreshed 12 days ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Income tax credits for manufacturing businesses locating or expanding in rural Kentucky counties, providing dollar-for-dollar credits against Kentucky income tax for qualifying industries creating jobs.

Key Requirements & Eligibility

  • 1Business must be a manufacturing, agribusiness, or technology company
  • 2Must locate or expand in a rural Kentucky county (non-MSA)
  • 3Must create minimum 10 new full-time jobs paying above county average wage
  • 4Credit: 100% of Kentucky income tax liability for up to 15 years
  • 5Annual reporting required; credit amount based on salaries paid to new employees

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.

0 of 5 answered

1.Business must be a manufacturing, agribusiness, or technology company

2.Must locate or expand in a rural Kentucky county (non-MSA)

3.Must create minimum 10 new full-time jobs paying above county average wage

4.Credit: 100% of Kentucky income tax liability for up to 15 years

5.Annual reporting required; credit amount based on salaries paid to new employees

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Official Source