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KY
Kentucky New Markets Development Program Tax Credit
Provides Kentucky tax credits for qualified equity investments that finance businesses in low-income communities.
About this program
The Kentucky New Markets Development Program Tax Credit encourages investment in qualified community development entities that finance qualified active low-income community businesses in the Commonwealth. The program has an annual credit cap and requires qualified equity investments to be deployed into eligible low-income community businesses.
Eligibility
Eligible applicants are qualified community development entities making qualified equity investments that finance qualified active low-income community businesses in Kentucky.
Requirements
- Applicant must be a qualified community development entity.
- Qualified equity investment must finance qualified active low-income community businesses in Kentucky.
- At least 85% of investment proceeds must be invested in qualified active low-income community businesses within the required period.