Clean Coal Incentive Tax Credit (Kentucky)
Last modified on February 12, 2015.
|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|
|Program Administrator||Kentucky Cabinet for Economic Development|
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.
|Department||Kentucky Cabinet for Economic Development|
|Address||Old Capitol Annex, 300 West Broadway, Frankfort, KY 40601-1975|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Kentucky Acts Chapter 24, Section 113|