Kentucky Administrative Regulations
Title 300 - TOURISM, ARTS AND HERITAGE CABINET
Chapter 2 - Office of the Secretary
Section 300 KAR 2:010 - Kentucky Tourism Development Act Sales Tax Credit Program
Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO: KRS 139.536, 148.850, 148.851, 148.853, 148.855, 148.857, 148.859, 148.860
NECESSITY, FUNCTION, AND CONFORMITY: KRS 148.855(1) requires the Tourism Cabinet to establish standards for the making of an application for inducements and the recommendation to the Kentucky Economic Development Finance Authority of an eligible company and its tourism attraction project pursuant to the Kentucky Tourism Development Act Sales Tax Credit Program. This administrative regulation establishes these standards.
Section 1. Definitions.
Section 2. Eligibility Standards. When submitting a written request to the authority for consideration of preliminary approval of the eligible company and its tourism attraction project, the secretary of the Tourism Cabinet shall base the request upon the information in the application and any written or oral communications with the eligible company.
Section 3. Kentucky Tourism Development Act Sales Tax Credit Program Application.
Section 4. Written Recommendation. The secretary of the Tourism Cabinet shall provide its recommendation required by 1996 Ky. Act ch. 335, sec. 3 based upon:
Section 5. Incorporation by Reference.
STATUTORY AUTHORITY: KRS 148.855(1)