1. Qualified Research Facility Tax Credit
  2. KRS 141.395 (Kentucky Revised Statute)
  3. Tax Credit for Construction of Research Facilities
  4. Qualified Costs of Construction
  5. Construction of Research Facilities (Definition)
  6. Tangible, Depreciable Property (Requirement)
  7. Exclusion: Replacement Property
  8. Credit Percentage (5%)
  9. Kentucky Department of Revenue (DOR)
  10. Nonrefundable Credit
  11. Carryforward Period (10 Years)
  12. KRS 141.020 (Individual Income Tax)
  13. KRS 141.040 (Corporation Income Tax)
  14. KRS 141.0401 (Limited Liability Entity Tax – LLET)
  15. KRS 141.0205 (Priority/Ordering of Credits)
  16. Kentucky Schedule QR (Qualified Research Facility Tax Credit)
  17. Kentucky Schedule TCS (Credit Summary for Corporations/PTEs)
  18. Kentucky Schedule ITC (Credit Summary for Individuals)
  19. Qualified Research (Same meaning as IRC $\S 41$)
  20. Internal Revenue Code (IRC) Section 41
  21. IRC $\S 41(d)$ (Definition of Qualified Research)
  22. Constructing Facilities (Qualified Cost)
  23. Remodeling Facilities (Qualified Cost)
  24. Expanding Existing Facilities (Qualified Cost)
  25. Equipping Facilities (Qualified Cost)
  26. Facilities in This State (Kentucky)
  27. Pass-Through Entity (PTE)
  28. Partnership (PTE)
  29. S-Corporation (PTE)
  30. Limited Liability Company (LLC) (PTE)
  31. Distributive Share of Income (PTE Allocation)
  32. Kentucky Schedule K-1 (Pass-Through Credit Reporting)
  33. Sole Proprietor (Eligibility)
  34. Business Component (IRC $\S 41$ Term)
  35. Elimination of Uncertainty (IRC $\S 41$ Term)
  36. Process of Experimentation (IRC $\S 41$ Term)
  37. Technological in Nature (IRC $\S 41$ Term)
  38. Application and Subsequent Approval of Credit
  39. Supporting Schedule (Listing Depreciable Property)
  40. Date Purchased (Depreciable Property)
  41. Date Placed in Service (Depreciable Property)
  42. Unused Credit (Carryforward Calculation)
  43. KRS Chapter 141 (Income Taxes)
  44. KRS Chapter 154 (Economic Development)
  45. Taxpayer (Claiming the Credit)
  46. Income Tax Liability (Against which the credit is applied)
  47. LLET Liability (Against which the credit is applied)
  48. Kentucky Form 720 (Tax Return Filing with Schedule QR)
  49. Individual Income Tax Credit (Application)
  50. Corporation Income Tax Credit (Application)