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. Click here for more information.
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. Click here for more information.
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. Click here for more information.
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