Economic Development Tax Credit
KRS 154.32-010(14)(a)7 This tax credit is for corporations, LLCs, Partnerships, Limited partnerships, Sole Proprietorships, Business Trusts or other entities in manufacturing, agribusiness, non-retail service, technology or national or regional headquarters operations for the construction and installation of railroad spurs as needed to connect Economic Development projects to existing railroads.  http://www.lrc.ky.gov/KRS/154-32/070.PDF
Nonrefundable tax credit for railroad improvement ( 50% Tax Credit )
KRS 141.385 This 50% tax credit is for Class II & Class III railroads, or any person who transports property using the rail facilities of a Class II railroad or Class III railroad located in Kentucky or furnishes railroad-related property or services to a Class II railroad or Class III railroad located in Kentucky, to maintain or improve railroads located in Kentucky, including roadbeds, bridges, and related structures http://www.lrc.ky.gov/KRS/141-00/385.PDF
Nonrefundable tax credit for railroad expansion or upgrade to accommodate transportation of fossil energy resources or biomass resources ( 25% Tax Credit )KRS 141.386 This 25% tax credit is for corporations that owns fossil energy resources or biomass resources and transports these resources using rail facilities; or for railway companies that serve a corporation that owns fossil energy resources to expand or upgrade railroad track, including roadbeds, bridges, and related track structures, to accommodate the transport of fossil energy resources or biomass resources. http://www.lrc.ky.gov/KRS/141-00/386.PDF
Shortline railroad assistance fund
KRS 174.058 This fund is for Class II and Class III railroads for the construction, reconstruction, improvement, or rehabilitation of rail facilities, including tracks, ties, roadbeds, and related structures used for freight rail operation. Financial assistance provided from the fund is limited to grants and Loans, which shall be made at or below market interest rates, including interest-free loans. http://www.lrc.ky.gov/KRS/174-00/058.PDF
Grants.gov
Grants.gov is your source to FIND and APPLY for federal grants. Today, Grants.gov is a central storehouse for information on over 1,000 grant programs and provides access to approximately $500 billion in annual awards. http://grants.gov/index.jsp |
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