Kentucky R&D Tax Credit Summary
R&D Tax Credit Available
Yes – Qualified Research Facility Tax Credit
Deadline for Tax Filing
Due with Form 720
Data Required to Compute Credit
Claim Period Kentucky Qualified R&D Expenses (QREs)
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.”
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.