Clean Coal Incentive Tax Credit (Kentucky)
Last modified on February 12, 2015.
EZFeed Policy
| Place | Kentucky
|
|---|---|
| Applies to States or Provinces | Kentucky |
| Name | Clean Coal Incentive Tax Credit (Kentucky) |
| Policy Category | Financial Incentive |
| Policy Type | Property Tax Incentive |
| Affected Technologies | Coal with CCS |
| Active Policy | Yes |
| Implementing Sector | State/Province
|
| Program Administrator | Kentucky Cabinet for Economic Development |
| Primary Website | http://www.lrc.ky.gov/krs/141-00/428.PDF
|
| Last Review | 2014-09-15
|
Summary
Clean Coal Incentive Tax Credit provides for a property tax credit for new clean coal facilities constructed at a cost exceeding $150 million and used for the purposes of generating electricity. Before the credit is given, the Environmental and Public Protection Cabinet must certify that a facility is reducing emissions of pollutants released during electric generation through the use of clean coal equipment and technologies. The amount of the allowable credit is $2 per ton of eligible coal purchased that is used to generate electric power at a certified clean coal facility. The credit shall not be carried forward and must be used on the tax return filed for the period during which the eligible coal was purchased.
Policy Contact
| Department | Kentucky Cabinet for Economic Development |
|---|---|
| Address | Old Capitol Annex, 300 West Broadway, Frankfort, KY 40601-1975
|
| Phone | 502-564-3256 |
| Fax | 502-564-3256 |
| econdev@ky.gov | |
| Website | http://thinkkentucky.com/kyedc/pdfs/kybusinc.pdf |
Authorities (Please contact the if there are any file problems.)
| Authority 1: | Kentucky Acts Chapter 24, Section 113 |
|---|---|
| Date Effective | 2010-07-15
|
References