Biodiesel Suppliers Tax Credit (Arkansas)

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place	Arkansas
Name	Biodiesel Suppliers Tax Credit
Incentive Type	Corporate Tax Credit
Applicable Sector	Commercial
Eligible Technologies	Biodiesel
Active Incentive	No
Implementing Sector	State/Territory
Energy Category	Renewable Energy Incentive Programs
Amount	5% of facilities and equipment costs
Carryover Provisions	3-year carry forward
Start Date	2003-01-01
Maximum Incentive	None
Website	http://www.arkleg.state.ar.us/ftproot/acts/2003/public/act1287.pdf
References	DSIRE

Summary

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.

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

Authority 1:	SB 363 of 2003
Date Effective	2003-01-01
Date Enacted	2003-04-14

Incentive Contact

Contact Name	Corporate Tax Information
Department	Department of Finance and Administration
Address	1507 W. 7th St.
Place	Little Rock, Arkansas
Zip/Postal Code	77201
Phone	(501) 682-4775
Website	http://www.accessarkansas.org/dfa/

• Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.