FRANKFORT, Ky. – Large information for Kentucky small enterprise house owners!

Gov. Andy Beshear reminded throughout Thursday’s Crew Kentucky Replace which you can apply for a tax credit score price as much as $25,000.

Beshear says the small enterprise tax credit score is accessible to eligible firms that added no less than one new full-time worker and invested $5,000 or extra in qualifying tools or expertise throughout the previous 24 months.

Most for-profit companies with 50 or fewer full-time staff will qualify, together with building, manufacturing, retail, service and wholesale firms.

“This program encourages our small companies to develop much more, which advantages their group and our nice state,” mentioned Beshear.

General, the tax credit score quantity you obtain will depend upon the variety of jobs created and the quantity invested in new tools or expertise, with the state earnings tax credit score ranging between $3,500 to $25,000 per yr.

Qualifying small companies ought to apply now to make sure their greatest probability of approval in time for this yr’s tax filings. Functions for the tax credit score have to be in earlier than the tip of the yr.

To study extra about this system and to entry the applying, you possibly can go to ced.ky.gov/Entrepreneurship/KSBTC.

Vermont Enterprise Journal The Vermont Emergency Rental Help Program (VERAP) is accepting purposes from all Vermonters with a residential rental obligation. The Program, funded by the American Rescue Plan (ARPA), covers as much as 100% of eligible candidates’ hire and utilities for as much as 18 months.

Help is run by way of the Vermont State Housing Authority (VSHA) to assist alleviate COVID-19-related earnings stress on tenants and landlords and restore stability to the rental group.

VERAP can be utilized to help with future hire funds, future utility funds, in addition to rental and utility arrearages. This system may also present monetary help for shifting prices and repairs crucial to keep up a protected and wholesome dwelling setting. 

This isn’t a low-income housing program. There may be broad eligibility to help Vermonters going through monetary hardship as a result of impacts of the pandemic. 

Eligibility standards embrace a family member who has certified for unemployment advantages, skilled a discount in family earnings, incurred vital prices, or skilled different monetary hardship through the COVID-19 outbreak. Candidates should have a family earnings at or under 80% of the Space Median Revenue (AMI).

As a part of its group engagement efforts, VERAP representatives can be internet hosting free in-person occasions all through the state. Occasions are open to anybody in search of to begin, full, or recertify an software. Details about upcoming occasions could be discovered right here.

To finish an software attendees ought to carry proof of annual family earnings, corresponding to 2020/2021 tax filings, proof of wages for 2020/2021, or an annual advantages letter from a authorities company for the interval after January 1, 2020. Candidates may also use proof of month-to-month earnings, corresponding to pay stubs, a wage assertion, advantages assertion, or employer attestation.

Candidates may even want to supply their rental settlement or a letter of attestation from their landlord. Anybody with out this documentation ought to carry a latest utility invoice which can be utilized to ascertain their residence. Candidates may even want the Social Safety Quantity(s) of all family members and the authorized identify of their landlord.

For extra data, please contact Dennis Magnasco, VERAP Outreach Director, [email protected] or [email protected].

VERAP 8.9.2022