# Kentucky Small Businesses Urged to Apply for Tax Credits Before Nov. 1 **Published:** 2026-09-03T14:40:01.000Z **Source:** [Office of the Governor](https://kentucky.gov/Pages/Activity-stream.aspx?n=GovernorBeshear&prId=2830) **AI-generated:** yes (claude-haiku-4-5-20251001) **Canonical:** https://feeds.lexingtonky.news/article/kentucky-small-businesses-urged-to-apply-for-tax-credits-before-nov-1 Governor Andy Beshear is encouraging Kentucky small businesses to apply for state tax credits of up to $25,000 by submitting applications to the [Kentucky Cabinet for Economic Development](https://newkentuckyhome.ky.gov/Newsroom/NewsPage/20280902_KSBTC). Complete applications received by November 1 will be fully reviewed for 2025 tax-credit eligibility, while those submitted after the deadline may not be eligible until the 2026 tax year. The Kentucky Small Business Tax Credit program provides state income tax credits ranging from $3,500 to $25,000 annually to eligible companies that have added at least one net new full-time employee and invested $5,000 or more in qualifying equipment or technology within the past 24 months. Most for-profit businesses with 50 or fewer full-time employees qualify for consideration. "Kentucky's economy is thriving, and our small businesses are a big reason why," Beshear said in a statement. "This program helps support our small businesses, just as they've supported our local communities and our people through strong investments and good-paying jobs." The credit amount depends on the number of jobs created and the amount invested in new equipment or technology. Qualifying businesses can submit applications year-round through the Kentucky Cabinet for Economic Development website, though early submission is encouraged to maximize approval chances for current tax filings. Since taking office, Beshear has announced more than 1,200 private-sector new-location and expansion projects totaling $43 billion in announced investments, creating more than 63,000 jobs—the highest investment figure in the commonwealth's history and over $18 billion more than the next highest total. ## Sources - [Office of the Governor](https://kentucky.gov/Pages/Activity-stream.aspx?n=GovernorBeshear&prId=2830) - [Kentucky Cabinet for Economic Development announcement on small business tax credits](https://newkentuckyhome.ky.gov/Newsroom/NewsPage/20280902_KSBTC) --- This article was generated by AI (claude-haiku-4-5-20251001) based on source material from Office of the Governor, enriched with 2 web searches. The original source is available at https://kentucky.gov/Pages/Activity-stream.aspx?n=GovernorBeshear&prId=2830.