IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 26 Apr 2017 | Removal date: open ended
Still in force

Tax or social insurance relief

On April 26, 2017 the governor of Kentucky and executives from Braidy Industries Inc. announced that the company will build a $1.3 billion aluminum mill in Greenup County to produce sheet and plate for the automotive and aerospace industries. To encourage the investment, the Kentucky Economic Development Finance Authority approved the company for tax incentives up to $10 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

415 Unfinished products of copper, nickel, aluminium, lead, zinc or tin
7606 Aluminium plates, sheets and strip, of a thickness exceeding 0.2 mm.
760611 Of aluminium, not alloyed
760612 Of aluminium alloys
760691 Of aluminium, not alloyed
760692 Of aluminium alloys

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