There Is a Newer Version of the Kentucky Revised Statutes
2006 Kentucky Revised Statutes - Subchapter 23 Economic Development Projects
KRS 154.23-005 to 154.23-079 Kentucky Economic Opportunity Zone Act
- .005 Legislative findings for KRS 154.23-005 to 154.23-079.
- .010 Definitions for KRS 154.23-005 to 154.23-079.
- .015 Certification of qualified zones -- Use of census tracts -- Decertification of census tracts -- Replacement of decertified noncontiguous tract with other qualifying census tract.
- .020 Amendment of boundaries of qualified zones.
- .025 Standards for approval of companies and economic development projects -- Commitments to be made by eligible companies.
- .030 Preliminary approval of eligible companies -- Designation of approved companies.
- .035 Tax incentive agreements between authority and approved companies -- Time limits -- Tax credits and assessments as inducements for approved companies -- Assignment of tax incentive agreement -- Documentation of expenditures -- Suspension of inducements -- Authority's remedies in case of failure to comply -- Activation date -- Costs of counsel.
- .040 Service and technology agreements -- Time limits for meeting minimum investment and employment requirements -- Inducements during term of agreements -- Suspension or termination of inducements -- Approved costs -- Reduction of inducements.
- .045 Application of eligible company to become approved company and expand existing business -- Base levels for eligible credits -- Exemption of employees from assessment -- Increase in number of employees at site -- Tax -- Additional agreements.
- .050 Tax credit for approved company engaged in manufacturing, service, or technology activities -- Reports by Department of Revenue to authority.
- .055 Assessment based on employee's gross wages -- Amount -- Credits against taxes and fees -- Prorating of credits and assessments against occupational license fees -- Availability of records -- Approval of assessment by local government -- Cessation of assessments.
- .060 Applications for grant funds -- Approved company may apply inducements toward purchase price of property and improvements.
- .065 Wage subsidies for recipients of Kentucky Transitional Assistance Program.
- .070 Administrative regulations.
- .075 Exemption from personal liability for directors and officers of authority.
- .079 Short title.
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