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

From Open Energy Information

(Automated push by AddNewFields program.)
(Reformat reference to use cite web template)
Line 16: Line 16:
 
|Incentive/StartDate=1/1/03
 
|Incentive/StartDate=1/1/03
 
|Incentive/DsireSyncDate=2010-05-21 02:52:59
 
|Incentive/DsireSyncDate=2010-05-21 02:52:59
|References=DSIRE<ref>[http://www.dsireusa.org/ DSIRE] Database of State Incentives for Renewables & Efficiency accessed 2010-05-21</ref>
+
|References=DSIRE<ref name='DSIRE'>{{cite web | url=http://www.dsireusa.org | title=Database for Renewables & Efficiency accessed 2010-05-21}}</ref>
 
}}
 
}}
  

Revision as of 19:02, 8 October 2010

Summary

Last modified on October 8, 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



Start Date 1/1/03




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 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.

References

  1.  "Database for Renewables & Efficiency accessed 2010-05-21"