Ethanol Production Tax Credit (Kentucky)
Last modified on February 12, 2015.
|Applies to States or Provinces||Kentucky|
|Name||Ethanol Production Tax Credit (Kentucky)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Implementing Sector|| State/Province
|Program Administrator||Kentucky Energy and Environment Cabinet|
|Primary Website|| http://energy.ky.gov/biofuels/Pages/biofuelsIncentives.aspx
|Last Review|| 2014-09-15
Qualified ethanol producers are eligible for an income tax credit of $1 per gallon of corn- or cellulosic-based ethanol that meets ASTM standard D4806. The total credit amount available for all corn and cellulosic ethanol producers is $5 million for each taxable year. Unused ethanol credits from one ethanol-based cap, such as corn, may be applied to another ethanol-based cap, such as cellulosic, in the same taxable year. Unused credits may not be carried forward. Kentucky statute information regarding alternative fuel producer tax credits can be found within KRS Chapters 141.422-141.430.
|Department||Kentucky Energy and Environment Cabinet|
|Division||Department for Energy Development and Independence - Division of Biofuels|
|Address||500 Mero Street, 12th Floor|