POPULATION: 4,369,356 (2011)
LABOR FORCE: 2,067,527 (2011)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES:Automotive, distribution and
warehousing, food manufacturing,
fabricated metals, chemicals,
healthcare, distilling,
equine, defense, agriculture,
mining
EXPANDING INDUSTRIES: Educational services; hospitals,
nursing, and residential care
facilities; financial services;
water transportation; mining
and support activities; professional,
scientific, and technical
services
COLLEGE GRADUATES: (Age 25 and over) 21%
BASIC BUSINESS TAXES:
Corporate Income Tax: 4 percent of first $50,000 of
taxable net income allocated
to Kentucky; 5 percent on next
$50,000; 6 percent on taxable
income over $100,000
Corporation Franchise Tax:
None
Sales and Use Tax: 6 percent of
retail sales price of property
sold, including utilities, that is
used, consumed, distributed,
or stored; 6 percent of rental
charges and cost of admissions;
no local sales tax
Property Tax: Real property is
taxed at a state rate of $0.122
per $100 and is also taxed by
local jurisdictions at varying
rates; manufacturing machinery,
telephone equipment, and pollution-
control equipment are
taxed only by the state at $0.15
per $100 assessed valuation.
BUSINESS INCENTIVES:
New and expanding industry
tax credits for manufacturing,
service, and technology
businesses
Reinvestment tax credits for
existing manufacturers
Tax credits for environmental
product manufacturing
Tax credits for new and
expanding alternative fuel,
gasification, and renewable
energy
Skills training grants and tax
credits
New and expanding industry
sales and use tax refunds
Tax increment financing
Forgivable loans for high-tech
investment
SBIR-STTR matching funds
Alternative fuels and renewable
energy R&D tax credits
Small business and micro loan
programs
Small business tax credits
Direct loans
Film tax credits
Tourism project tax credits
