TAXES

Whether you are a new company relocating to Murray, Kentucky, or an existing company expanding here, there are tax incentives that may be available to you. Working with State and local officials, MCEDC will help your company take advantage of every opportunity to minimize your tax burden, legally and appropriately, while providing necessary services.

Our current tax structure already provides pro-business incentives, however, Governor Bevin and our legislature recognizes the importance of further business privileges. They are scheduled to totally revamp and improve our system in a 2018 session. MCEDC will remain up to date on the improvements to the current tax environment, and will always focus on providing the most up-to-date information to you.

A few facts about our current tax environment include:

• No local taxation on manufacturing machinery
• No local taxation on raw materials or goods in process
• Property Tax Exemptions available
• There is currently no local taxation in Murray on net profits

The Kentucky Business One Stop website provides an overview of business taxes in the Commonwealth.

Learn more about State Property tax rates and local property tax rates in the chart below.