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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateKentucky
Effected JurisdictionKentucky
Jurisdiction type: State
Fiscal year ending In2019
Program nameKentucky Rural Economic Development Act (KREDA)
Program purpose: Manufacturing development
Statutory authority: KRS 154.22-050
Abating jurisdiction(s): State of Kentucky
Applicable taxesIncome Tax
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $25,432,000
Reimbursement / offset: $0
Net revenue loss: $25,432,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://finance.ky.gov/office-of-the-controller/office-of-statewide-acco...