Kentucky R&D Tax Credit Summary
KY R&D Tax Credit Available

Yes - Qualified Research Facility Tax Credit

Eligible Entities

C-Corporation, S-Corporations, LLCs, Partnerships

Deadline for Tax Filing

Due with Form 720

Data Required to Compute Credit

Claim Period Kentucky Qualified R&D Expenses (QREs)

Credit Carryforward

10 Years

KY R&D Credit Summary

A credit of 5 percent (5%) of the qualified costs of construction, remodeling, expanding and equipping facilities in Kentucky for "qualified research."

Special Notes
  • A copy of the Schedule QR must be submitted each year until the full credit is utilized or the 10-year carryforward period has expired.
  • “Construction of research facilities” means:
    constructing, remodeling, and equipping facilities in Kentucky; or expanding existing facilities for qualified research; and only includes tangible, depreciable property
  • It does not include any amounts paid or incurred for replacement property.

KY Research Tax Credit

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