Entrepreneurship

The Kentucky Small Business Tax Credit Program (KSBTC)

A Reward for Your Success

 

Your company may be eligible for a substantial tax credit just for doing what successful businesses do – grow!

It’s simple. The Kentucky Small Business Tax Credit program offers between $3,500 and $25,000 per year for small businesses that have:

  • Hired and sustained at least one new job in the last year
  • Purchased at least $5,000 in qualifying equipment or technology

Things You Should Know

  • Most businesses with 50 or fewer full-time employees are eligible
  • Open to nearly all industry segments, including retail and service
  • Tax credit amount ranges from $3,500 to $25,000 per year depending on jobs created and investment made
  • Tax credit applies to state tax return for the year it was awarded
  • Have you hired at least one new full-time employee and invested at least $5,000 in new equipment/technology? You may be eligible
  • The new employee must have been on the payroll for at least one year
  • The new employee must earn at least $10.88/hour

Benefits of the Kentucky Small Business Tax Credit

4,760
New Jobs
$49.3 M
Total Investment by Companies
$16 M
Total Tax Credit Earned by Companies
$14,610
Average Tax Credit Earned by Companies

Are You Eligible?

Apply

After meeting all eligibility requirements, fill out the KSBTC Application below and provide all required supporting documentation listed in the application form.

KSBTC Application

Contact

For more information about the Kentucky Small Business Tax Credit program, please contact the Office of Entrepreneurship at cedsbsd@ky.gov or call 800-626-2930.

The Cabinet’s services, assistance, and activities are available to all without regard to race, color, gender or national origin.