Kentucky Revised Statutes Title XI. Revenue and Taxation § 139.517.Sales tax incentive for alternative fuel, gasification, and renewable energy facilities

(1) As used in this section:

(2) Notwithstanding any other provision of KRS 134.580 or this chapter, an approved company constructing, retrofitting, or upgrading an eligible project may be eligible for a sales tax incentive of up to one hundred percent (100%) of the Kentucky sales or use tax paid on tangible personal property purchased during the construction, retrofit, or upgrade of the eligible project as provided in KRS 154.27-070. The tangible personal property shall be incorporated into the eligible project to qualify for the sales tax incentive.

(3) The authority shall notify the department upon approval of an eligible project. The notification shall include the name of the eligible project, the name of the approved company, and the date on which the approved company is eligible to receive incentives under this section.

(5) Interest shall not be allowed or paid on any sales tax incentive payment made under the provisions of this section.

(6) The sales tax incentive shall be reduced by the amount of vendor compensation allowed under KRS 139.570.

(7) The approved company seeking the sales tax incentive payment shall execute information-sharing agreements prescribed by the department with contractors, vendors, and other related parties to verify the costs of tangible personal property eligible for the sales tax incentive payment under this section.

(8) The department shall notify the authority of the incentive distributed to each approved company upon request.