Ethanol Investment Tax Credit - Corporate (Ohio)

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Last modified on May 23, 2011.

Financial Incentive Program

Place Ohio

Name Ethanol Investment Tax Credit - Corporate
Incentive Type Corporate Tax Credit
Applicable Sector Commercial, Industrial
Eligible Technologies Ethanol
Active Incentive No
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 50% of sum invested

Maximum Incentive 5,000 per taxpayer per certified ethanol plant

Program Administrator Ohio Department of Taxation

References DSIRE[1]


In April 2002, Ohio Governor Bob Taft signed into law SB 144, establishing the Ethanol Incentive Board and creating a tax credit against corporation franchise or personal income tax liability for investments in ethanol plants whose business plans have been approved by the Board. The law also designates ethanol plants as air quality facilities eligible for Ohio Air Quality Development Authority financing. In order to be eligible, facilities must be majority-owned by Ohio farmers prior to the first day the facility commences production.

For corporate taxpayers who invest in a certified ethanol plant, this nonrefundable tax credit is available beginning in tax year 2003 and ending in tax year 2013. The amount of the credit equals 50% of the amount the taxpayer invests in the plant, not to exceed $5,000 per taxpayer per certified ethanol plant, regardless of the number of years in which the taxpayer makes investments. The corporate credit should be claimed in the tax year immediately following the calendar year in which the investment was made. Any credit amount in excess of the tax due may be carried forward for three tax years, but the amount of the excess credit allowed in any such year must be deducted from the balance carried forward to the next year.

Incentive Contact

Contact Name Business Taxpayer Assistance
Department Ohio Department of Taxation
Address 30 E. Broad Street, 22nd Floor
Place Columbus, Ohio
Zip/Postal Code 43215
Phone (888) 405-4039


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"