Tax-based Incentives

Louisville Metro has extensive experience with Kentucky's generous jobs incentive programs, as well as local and state Tax Increment Financing. For an overview of both, click HERE.

Kentucky’s job incentive programs were expanded in 2009 with the passage of the Kentucky Business Investment Act. Benefits are available for all types of companies - new, existing, and relocating; regional and national headquarters; back office; distribution and supply chain; manufacturing; and research and development. Primary incentives include:

  • Kentucky Business Investment (KBI program) - provides income tax credits and wage assessments to new and existing regional and national headquarters, manufacturing companies, non-retail service, technology-related, and agribusiness companies that locate or expand operations in Kentucky. 
  • Kentucky Enterprise Initiative Act (KEIA) - provides a refund of Kentucky sales and use tax paid by approved companies for building and construction materials permanently incorporated as an improvement to real property. It also is available for eligible equipment used for research and development and data processing. This incentive applies to new or expanded service or technology, manufacturing, and tourism attraction projects in Kentucky. 

Tax Increment Financing (TIF) is a performance-based incentive that permits a portion of the new state and/or local taxes generated by a development to be rebated back to the developer to help support the development costs.

To qualify for a TIF, properties proposed for redevelopment must meet at least two of seven conditions of blight as defined by state law and fulfill a “but for” requirement, meaning the development would not happen “but for” the tax incentive.

Local TIFs required approval by Louisville Metro Council. All other TIFs require approval from both Metro Council and Kentucky Economic Development Finance Authority. For a complete list of approved TIFs, click here or see the map below.

For more information, please contact us or call 502.574.4140.

 

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