Page 1 of 1
65.6853 Relationship to other job development assessment fees -- Maximum on
total tax credits.
For any development area for which increments do not include revenues from the <br>Commonwealth: <br>(1) If a company, against whose employees an assessment is levied under KRS
65.6851, enters into an agreement with the economic development authority under <br>Subchapter 23, 24, or 26 of KRS Chapter 154 allowing the company to impose a <br>job development assessment fee as part of that agreement, the total assessment <br>levied against the employee for state inducements and the development area shall <br>not exceed six percent (6%), subject to subsection (2) of this section.
(2) If an eligible company under Subchapter 23, 24, or 26 of KRS Chapter 154 locates
or expands within a development area, the assessment imposed under KRS <br>65.6851(1) shall not exceed the lesser of two percent (2%) or the difference <br>between two percent (2%) and the local occupational license fee used as a credit <br>against the assessments granted under Subchapter 23, 24, or 26 of KRS Chapter <br>154.
Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 338, sec. 7, effective July 15, 2002. -- Created
2001 Ky. Acts ch. 133, sec. 3, effective June 21, 2001.
Page 1 of 1
65.6853 Relationship to other job development assessment fees -- Maximum on
total tax credits.
For any development area for which increments do not include revenues from the <br>Commonwealth: <br>(1) If a company, against whose employees an assessment is levied under KRS
65.6851, enters into an agreement with the economic development authority under <br>Subchapter 23, 24, or 26 of KRS Chapter 154 allowing the company to impose a <br>job development assessment fee as part of that agreement, the total assessment <br>levied against the employee for state inducements and the development area shall <br>not exceed six percent (6%), subject to subsection (2) of this section.
(2) If an eligible company under Subchapter 23, 24, or 26 of KRS Chapter 154 locates
or expands within a development area, the assessment imposed under KRS <br>65.6851(1) shall not exceed the lesser of two percent (2%) or the difference <br>between two percent (2%) and the local occupational license fee used as a credit <br>against the assessments granted under Subchapter 23, 24, or 26 of KRS Chapter <br>154.
Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 338, sec. 7, effective July 15, 2002. -- Created
2001 Ky. Acts ch. 133, sec. 3, effective June 21, 2001.
Page 1 of 1
65.6853 Relationship to other job development assessment fees -- Maximum on
total tax credits.
For any development area for which increments do not include revenues from the <br>Commonwealth: <br>(1) If a company, against whose employees an assessment is levied under KRS
65.6851, enters into an agreement with the economic development authority under <br>Subchapter 23, 24, or 26 of KRS Chapter 154 allowing the company to impose a <br>job development assessment fee as part of that agreement, the total assessment <br>levied against the employee for state inducements and the development area shall <br>not exceed six percent (6%), subject to subsection (2) of this section.
(2) If an eligible company under Subchapter 23, 24, or 26 of KRS Chapter 154 locates
or expands within a development area, the assessment imposed under KRS <br>65.6851(1) shall not exceed the lesser of two percent (2%) or the difference <br>between two percent (2%) and the local occupational license fee used as a credit <br>against the assessments granted under Subchapter 23, 24, or 26 of KRS Chapter <br>154.
Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 338, sec. 7, effective July 15, 2002. -- Created
2001 Ky. Acts ch. 133, sec. 3, effective June 21, 2001.
