Tax Credits

HOW TO RECOVER YOUR BUSINESS INVESTMENTS

The Kentucky Cabinet for Economic Development offers tax savings and incentive packages designed to help both new and existing businesses. Our Industrial Development employees can work with your company and representatives from any of East Kentucky Power’s distribution cooperatives to find a program that helps you boost your bottom line. In fact, companies relocating to the state, as well as Kentucky-based firms that are expanding facilities, can use approved tax credits to recover virtually all of their investments.

Kentucky’s tax laws are structured to benefit existing businesses. State income tax credits are available for hiring previously unemployed workers, for debt service payments on facilities, and for Kentucky coal used for industrial heating and processing. Local property tax and state sales tax exemptions are available on machinery, raw metals, industrial supplies and tool, energy, pollution control equipment, containers, and packaging and wrapping materials.

To help your business, there are:

Income Tax Credits for Jobs and Investments.

Incentives for businesses that establish new manufacturing plants or expand existing manufacturing operations in qualifying Kentucky counties.

Exemptions and incentives in other programs.