PVA News

New Inventory Tax Credit

Wednesday, January 30, 2019

Inventory Tax Credit

Boone County businesses will be eligible for a credit on their state income tax return, if they paid personal property taxes on any inventory (line items 31-36 on their personal property return) before Dec. 31, 2018.  To calculate your inventory tax credit and for a copy of Schedule INV please find more information at the KY Department of Revenue’s website, https://revenue.ky.gov/Business/Pages/Inventory-Tax-Credit-Calculator.aspx

If more information regarding the Inventory Tax Credit is needed please feel free to call the KY Department of Revenue’s Inventory Credit Hotline at (502) 564-1555.


Data last updated: 06/26/2019

Disclaimer:

Property is assessed per KRS 132.220 on January 1st of each year. The data listed on our website reflects the most current data available to the PVA office. If you believe any data provided is inaccurate, or if you have any comments about this site, we would like to hear from you.

While the Office of the Property Valuation Administrator has attempted to ensure that the data contained in this file is accurate and reflects the property’s characteristics, the PVA makes no warranties, expressed or implied, concerning the accuracy, completeness, reliability, or suitability of this data. The PVA does not assume any liability associated with the use or misuse of this data.