Kentucky Announces Annual $5 Million NMTC Allocation Available July 15

Thursday, June 27, 2019 - 9:15am

The Kentucky Department of Revenue announced this week that $5 million in 2019 state new markets tax credit (NMTC) allocation authority is available for approval beginning with applications submitted on or after July 15. Applications received before July 15 will be recorded as received July 15. The Kentucky NMTC can be claimed against corporation income tax, individual income tax, limited liability entity tax and insurance premiums tax.