Kentucky offers a tax credit to any taxpayer who purchases and installs recycling or composting equipment to be used exclusively in Kentucky. The allowable credit could be up to 50% of your combined costs. All qualifying items must be used to handle and/or process post-consumer waste. Eligible purchases are outlined in KRS 141.390.
For more information on this tax credit talk to your accountant or visit the Kentucky Department of Revenue, Division of corporate tax website at: http://www.revenue.ky.gov/NR/rdonlyres/FAF583E1-B874-4DAE-BBB8-F2C95CF2A... (for instructions) http://www.revenue.ky.gov/NR/rdonlyres/5295FFA6-0BA4-4F19-A3D4-FCA873152... (for the application)
After applications have been approved, the supporting approval documents must accompany your state income tax filing, initial or amended.
/posted by Linette Daughdrill
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