Ethanol Production Tax Credit (Indiana)
Last modified on May 23, 2011.
Financial Incentive Program
|Name||Ethanol Production Tax Credit|
|Incentive Type||Corporate Tax Credit|
|Energy Category||Renewable Energy Incentive Programs|
|Maximum Incentive|| 5,000,000
|Program Administrator||Indiana Department of Commerce|
Indiana offers a production tax credit of $0.125 (12.5 cents) per gallon for each gallon of pure ethanol produced beginning January 1, 2004. This credit is available to facilities that begin operation January 1, 2004, or later, with a capacity to produce at least 40 million gallons per year, and existing facilities that increase capacity by at least 40 million gallons per year beginning January 1, 2004, or later.
If the amount of the credit exceeds a producer's state tax liability for that taxable year, the producer may carry over the excess to the following taxable years. Producers are limited to $5,000,000 in total credits for all taxable years, and the program itself is limited to $10,000,000 in total funding. This credit expires when all funding is exhausted.
|Contact Name||Philip Powlick|
|Department||Indiana Department of Commerce|
|Division||Energy Policy Division|
|Address||One North Capitol, #700|
|Phone|| (317) 232-8970
|Contact Name|| Department of Revenue
|Address||100 N Senate Ave|
|Phone|| (317) 232-2240
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.