Alternative Vehicle Conversion Credits - Corporate (Louisiana)

From Open Energy Information

Summary

Last modified on May 24, 2011.

Financial Incentive Program

Place Louisiana


Name Alternative Vehicle Conversion Credits - Corporate
Incentive Type Corporate Tax Credit
Applicable Sector Commercial
Eligible Technologies Renewable Fuel Vehicles, Other Alternative Fuel Vehicles, Refueling Stations
Active Incentive No
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount Varies








Maximum Incentive None






Program Administrator LA Department of Revenue


References DSIRE[1]


Summary

Louisiana offers state income tax credits worth 20% of the cost of converting a conventional vehicle to run on an alternative fuel, 20% of the incremental cost of purchasing an Original Equipment Manufacturer (OEM) AFV, and 20% of the cost of constructing an alternative fuel refueling station. For the purchase of an OEM AFV, the tax credit cannot exceed the lesser of 2% of the total cost of the vehicle or $1,500. Only vehicles registered in Louisiana are eligible for the tax credit. If the tax credit exceeds the amount of income taxes due or if there are no state income taxes due on the income of the taxpayer, the amount of the credit not used may be carried forward as a credit against subsequent income tax liability for a period of three years.

Eligible alternative fuels include methanol, denatured ethanol, and other alcohols; mixtures containing 85% or more by volume of methanol, denatured ethanol, and other alcohols with gasoline or other fuels; natural gas (compressed or liquefied); liquefied petroleum gas (propane); hydrogen; coal-derived liquid fuels; fuels (other than alcohol) derived from biological materials, including neat (100%) biodiesel and P-Series fuel; and electricity (including electricity from solar energy).

<metadesc> Alternative Vehicle Conversion Credits - Corporate: energy incentive program. </metadesc>

Authorities (Please contact the if there are any file problems.)

Authority 1: La. R.S. 47:287.757


















Incentive Contact

Contact Name Public Information - LA DOR
Department LA Department of Revenue
Address PO Box 201
Place Baton Rouge, Louisiana
Zip/Postal Code 70821-0201
Phone (225) 219-0102


Website http://www.revenue.louisiana.gov



  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"