Difference between revisions of "Biodiesel Suppliers Tax Credit (Arkansas)"

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Revision as of 01:43, 11 January 2010


Last modified on January 11, 2010.

Financial Incentive Program

Place Arkansas

Name Biodiesel Suppliers Tax Credit
Incentive Type Corporate Tax Credit
Applicable Sector Commercial
Active Incentive No

Energy Category Renewable Energy Incentive Programs
Amount 5% of facilities and equipment costs
Carryover Provisions 3-year carry forward

Maximum Incentive None

Website http://www.arkleg.state.ar.us/ftproot/acts/2003/public/act1287.pdf

References DSIRE[1]

Authorities (Please contact the if there are any file problems.)

Authority 1: SB 363 of 2003
Date Effective 1/1/03
Date Enacted 4/14/03

Incentive Contact

Contact Name Chris Benson
Department Arkansas Department of Economic Development
Division Arkansas Energy Office
Address One State Capitol Mall, Suite 4B/215
Place Little Rock, Arkansas
Zip/Postal Code 72201
Phone (501) 682-8065

Email cbenson@1800arkansas.com
Website http://www.1-800-arkansas.com/
Contact Name Corporate Tax Information
Department Department of Finance & Administration
Address 1507 W. 7th St.
Place Little Rock, Arkansas
Zip/Postal Code 77201
Phone (501) 682-4775

Website http://www.accessarkansas.org/dfa/

The Biodiesel Incentive Act, enacted in April 2003, created a tax credit for biodiesel suppliers and a production incentive for qualified biodiesel producers in Arkansas. Biodiesel suppliers are eligible for a 5% tax credit for the cost of facilities and equipment used directly in the wholesale or retail distribution of biodiesel fuels. The credit may be carried forward for a maximum of three years.

Suppliers must be certified to qualify for this incentive. The credit may not be claimed for any facility or equipment operating on or before a supplier is certified, or for which a tax credit was previously claimed by a supplier for any other tax year.


  1. DSIRE Database of State Incentives for Renewables & Efficiency accessed 2009-12-08