Kentucky R&D Tax Credit Summary

R&D Tax Credit Available:

Yes - Qualified Research Facility Tax Credit

Eligible Entities:

C-Corporations, 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

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.
Research Tax Credit
Important Links and Forms

Kentucky R&D Credit
Schedule QR

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