Subchapter 154.23 - Economic Development Projects in Qualified Zones

Subchapter 154.23 - Economic Development Projects in Qualified Zones

154.23-005 Legislative findings for KRS 154.23-005 to 154.23-079.
154.23-010 Definitions for KRS 154.23-005 to 154.23-079.
154.23-015 Certification of qualified zones -- Use of census tracts -- Decertification of census tracts -- Replacement of decertified noncontiguous tract with other qualifying census tract.
154.23-020 Amendment of boundaries of qualified zones.
154.23-025 Standards for approval of companies and economic development projects -- Commitments to be made by eligible companies.
154.23-030 Preliminary approval of eligible companies -- Designation of approved companies.
154.23-035 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.
154.23-040 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.
154.23-045 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.
154.23-050 Tax credit for approved company engaged in manufacturing, service, or technology activities -- Reports by Department of Revenue to authority.
154.23-055 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.
154.23-060 Applications for grant funds -- Approved company may apply inducements toward purchase price of property and improvements.
154.23-065 Wage subsidies for recipients of Kentucky Transitional Assistance Program.
154.23-070 Administrative regulations.
154.23-075 Exemption from personal liability for directors and officers of authority.
154.23-079 Short title.
154.23-080 Deadline for new applications -- Governing law for outstanding approved projects.

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