Tax Credits for Small Businesses in Kentucky
Small business owners in Kentucky may have a chance to benefit from a new tax credit program, with potential amounts reaching up to $25,000. The credit is determined by the number of new hires and investments in technology or equipment over the past two years.
Eligibility Requirements:
- Must have added at least one full-time employee.
- Must have invested more than $5,000 in qualifying equipment or technology in the last 24 months.
This initiative aims to support small businesses amid economic challenges and to encourage growth and competitiveness against larger retailers.
Application Deadline:
Business owners interested in applying for the tax credit must submit their applications by November 1. The credit will apply to the 2026 tax year.
For further details or to access the application, visit the Kentucky Business Tax Credit page or contact the Kentucky Cabinet for Economic Development at 800-626-2930 or via email at info@kyinnovation.com.
