Ethanol Production Incentive (South Dakota)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Ethanol Production Incentive|
|Incentive Type||Performance-Based Incentive|
|Applicable Sector||Commercial, Industrial|
|Energy Category||Renewable Energy Incentive Programs|
|Start Date||2/28/02 and 7/1/02|
|Maximum Incentive||1,000,000 annually; 10,000,000|
|Date added to DSIRE||2003-01-03|
|Last DSIRE Review||2004-06-08|
Licensed ethanol producers may receive a production incentive payment (based on available funding) of 20 cents per gallon for ethyl alcohol that is fully distilled and produced in South Dakota. To be eligible for this payment, the ethyl alcohol must be 99 percent pure, derived from cereal grains, and denatured and subsequently blended with gasoline. Also, the facility must have produced qualifying ethyl alcohol on or before December 31, 2006.
Annual production incentive payments for any facility may not exceed $1 million. No facility may receive any production incentive payments in an amount greater than $10 million dollars. Cumulative annual production incentive payments may not exceed $4 million for fiscal year 2003, $5 million for fiscal year 2004, $6 million for fiscal year 2005, and $7 million thereafter. No facility may receive payments for more than 416, 667 gallons per month.
Authorities (Please contact the if there are any file problems.)
|Authority 1:||§ 10-47B-162|
|Date Effective||2/28/02 and 7/1/02|
|Contact Name||Public Information - Department of Revenue|
|Department||Department of Revenue|
|Division||Motor Fuel and Prorate Division|
|Address||445 East Capitol Avenue|
|Place||Pierre, South Dakota|
|Phone 2||(800) 829-9188|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.