EOF 0.00% 3.6¢ ecofibre limited

Still available at 58 minutes into the video recording of the...

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    Still available at 58 minutes into the video recording of the meeting, it was approved, which basically at some stage gives access to eof tax reduction incentives for meeting Keep Performance Indicators. Not the great shakes i personally was hoping for, but not to be sniffed at. "Kentucky Business Investment (KBI) program
    An eligible company must be engaged in one of the following activities: 1) manufacturing; 2)
    agribusiness; 3) regional or national headquarters operations; or 4) certain nonretail service or
    technology activities. The minimum requirements for an eligible project are as follows: 1) create
    a minimum of 10 new, full-time jobs for Kentucky residents; 2) incur at least $100,000 in eligible
    costs; and 3) meet a minimum level of wages and benefits. The tax incentives involved with this
    program are available for up to 15 years for enhanced incentive counties or up to 10 years for all
    other counties. The incentive may be taken as: 1) up to 100 percent credit against the Kentucky
    income tax imposed on corporate income or limited liability entity tax arising from the project; 2) a
    wage assessment of up to 5 percent of the gross wages of each employee in enhanced counties
    or up to 4 percent (including up to 1 percent required local participation) of the gross wages of
    each employee in other counties.
 
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