Kentucky Sets Application Acceptance Date for New Markets Credit Program

Tuesday, February 5, 2019 - 10:15am

The Kentucky Department of Revenue has revised and updated regulations for its new markets development program credit (NMDPC), with an application acceptance date of on or after July 15. Any application received before July 15 will be recorded as July 15. The Kentucky NMDPC has an annual statewide cap of $5 million and a transaction cap of $10 million.