Kentucky Jobs Development Act (KJDA)

The Kentucky Jobs Development Act (KJDA) provides tax incentives to new or expanding service and technology-based companies that earn at least 75% of their revenues from outside the state, employ at least 15 new full-time Kentucky residents and meet certain salary requirements.

This tax credit program enables the company to recoup 50% of annual occupancy costs (or fair-market-value equivalent if owned) of the facility for up to 10 years and 50% of eligible start-up cost expenditures up to $20,000 per job created (maximum start-up credits of $10,000 per job).

Benefits include a 100% credit against the state corporate income tax arising from the project, AND the retention of up to 5% of the gross wages of the new employment generated by the project as a credit against state and local occupational taxes.