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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.

Effected JurisdictionKentucky
Jurisdiction type: State
Fiscal year ending In2020
Program nameOther economic incentives
Program purpose: General Economic Development
Statutory authority: multiple
Abating jurisdiction(s): State of Kentucky
Applicable taxesmultiple
Method of abatement: Multiple
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $28,908,000
Reimbursement / offset: $0
Net revenue loss: $28,908,000
Type of loss: Active
Additional notes on dislosureThese include: Kentucky Economic Opportunity Zone, Kentucky Historic Preservation, Incentives for Energy Independence Act, Local Issued Industrial Revenue Bonds, Kentucky Angel Investment Tax Credit, Skills Training Investment Credit, Kentucky Reinvestment Act, Kentucky Industrial Development Act, Kentucky Jobs Development Act, and Kentucky Investment Fund Act
Document sourcehttps://finance.ky.gov/office-of-the-controller/office-of-statewide-acco...