In April 2013, a US state government announced a targeted tax change. This was expanded in April, 2017.



  • 2 harmful
  • 0 neutral
  • 0 liberalising


Main data from Good Jobs First at
The subsidy value and the job and investment projections came from an April 19, 2013 press release posted by the Kentucky Cabinet for Economic Development at The 2017 amendment is at

Inception date: 19 Apr 2013 | Removal date: open ended

Tax or social insurance relief

In 2013 the state of Kentucky offered to Toyota under the Kentucky Jobs Retention Act tax credits in connection with the company's plan to begin building the Lexus ES350 at its manufacturing complex in Georgetown. The estimated value of the credit is $146,500,000.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.


Inception date: 10 Apr 2017 | Removal date: open ended

Tax or social insurance relief

On April 10, 2017 the Kentucky Economic Development Finance Authority amended Toyota's existing incentive agreement. The amendment added tax incentives of up to $43.5 million in for the Reborn project, creating a total cumulative incentive of up to $190 million available for two projects at the Georgetown plant. 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 retention and new capital investment targets.