KENTUCKY R&D TAX CREDIT SUMMARY
Kentucky State R&D Tax Credit
A tax credit equal to 5% against the corporate or personal income taxes and the limited liability entity tax for qualified construction costs of research facilities is available to qualified taxpayers.
“Qualified research” means qualified research as defined under IRC § 41.
“Construction of research facilities” means:
- constructing, remodeling, and equipping facilities in Kentucky; or
- expanding existing facilities for qualified research; and
- only includes tangible, depreciable property
It does not include any amounts paid or incurred for replacement property.
