Ethanol Producer Credit (Oklahoma)
From Open Energy Information
Last modified on May 21, 2010.
Financial Incentive Program
| Place | Oklahoma |
|---|---|
| Name | Ethanol Producer Credit |
| Incentive Type | Corporate Tax Credit |
| Applicable Sector | Industrial |
| Eligible Technologies | Ethanol |
| Active Incentive | No |
| Date added to DSIRE | 2003-07-22 |
| Last Updated at DSIRE | 2004-06-08 |
| Energy Category | Renewable Energy Incentive Programs |
| Amount | 20 cents per gallon |
| Carryover Provisions | Production facility must be completed by 12/31/06 |
| Start Date | 01/01/04 |
| Expiration Date | 12/31/10 |
| Maximum Incentive | Credit is available for up to 25 million gallons/yr. per facility for 5 years |
| Program Administrator | Projects Plus, LLC |
| References | DSIRE[1] |
Incentive Authority
| Authority 1 | SB 429 (2003) |
|---|---|
| Authority Link | http://www.dsireusa.org/documents/Incentives/OK09F.htm |
| Date Effective | 01/01/04 |
| Date Enacted | 5/30/03 |
| Expiration Date | 12/31/10 |
Incentive Contact
| Contact Name | Terry Ruse |
|---|---|
| Department | Projects Plus, LLC |
| Address | 8527 S. 68th E. Ave |
| Place | Tulsa, Oklahoma |
| Zip/Postal Code | 74133-4147 |
| Phone | (918) 493-2992 |
| terryruse@aol.com |
| Contact Name | Mason Mungle |
|---|---|
| Department | Oklahoma Farmer's Union |
| Address | 6200 N.W. 2nd, P.O. Box 24000 |
| Place | Oklahoma City, Oklahoma |
| Zip/Postal Code | 73127 |
| Phone | (405) 491-1594 |
| mmungle@ofumic.com | |
| Website | http://www.okfarmersunion.com |
| Contact Name | Information Specialist - OTC |
|---|---|
| Department | Oklahoma Tax Commission |
| Address | Post Office Box 26800 |
| Place | Oklahoma City, Oklahoma |
| Zip/Postal Code | 73126-0800 |
| Phone | (405) 521-3160 |
| helpmaster@mailhost.oktax.state.ok.us | |
| Website | http://www.oktax.state.ok.us |
A tax credit of 20 cents per gallon (cpg) is offered to producers of ethanol for production that begins after December 31, 2003 but no later than December 31, 2006. The ethanol facility must be producing at the rate of at least 25% of its name plate design capacity for the production of ethanol on or before December 31, 2006 and for six months after the first month it is eligible for the tax credit. Tax credits are available for up to 25 million gallons per year (mgy) per facility for up to 5 years. Producers may not claim credits after December 31, 2010.
Beginning January 1, 2011, ethanol facilities can receive a credit of 7.5 cpg for new production for up to 10 mgy for up to 3 years. New production includes new facilities, facilities not receiving credits before January 1, 2011, or expansion of capacity of existing facility by at least 2 million gallons.