Biodiesel Production and Blending Tax Credit (Kentucky)

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Last modified on February 12, 2015.

EZFeed Policy

Place Kentucky


Name Biodiesel Production and Blending Tax Credit (Kentucky)
Policy Category Financial Incentive
Policy Type Corporate Tax Incentive
Affected Technologies Biomass/Biogas
Active Policy Yes

Implementing Sector State/Province

Primary Website

Last Review 2014-09-15


blended biodiesel does not qualify. The biodiesel tax credit is applied against the corporation income tax imposed under KRS 141.040 and/or the limited liability entity tax (LLET) imposed under KRS 141.0401. The amount of the tax credit claimed against the corporation income tax and LLET can be different. The total amount of credit for all biodiesel producers may not exceed the annual biodiesel tax credit cap of $10 million. Unused credits may not be carried forward. For the purpose of this credit, biodiesel must meet ASTM specification D6751. Renewable diesel is defined as a renewable, biodegradable, non-ester combustible liquid derived from biomass resources that meets ASTM specification D975 or D396. The Kentucky Administrative regulation KAR 15:140. Biodiesel tax credit outlines the credit information administered byKentucky Department of Revenue.