Renewable Electricity Facility Tax Credit (Corporate) (Kansas)
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Last modified on February 12, 2015.
Financial Incentive Program
Place | Kansas
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Name | Renewable Electricity Facility Tax Credit (Corporate) |
Incentive Type | Corporate Tax Credit |
Applicable Sector | Agricultural, Commercial, Industrial |
Eligible Technologies | Biomass, Geothermal Electric, Hydroelectric, Landfill Gas, Photovoltaics, Small Hydroelectric, Solar Thermal Electric, Wind |
Active Incentive | No |
Implementing Sector | State/Territory |
Energy Category | Renewable Energy Incentive Programs |
Amount | 10% of the system's cost for the first 50,000,000 invested 5% of the cost that exceeds 50,000,000 |
Carryover Provisions | Any unused credit may be carried forward in subsequent years as a deduction. Deductions can be carried forward for up to 14 years past the year the first credit was applied.
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Start Date | 2007-01-01
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Program Administrator | Department of Commerce, Department of Revenue |
Website | http://www.kansascommerce.com/index.aspx?NID=135
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References | DSIRE[1] |
Summary
The Renewable Electricity Facility Tax Credit expired on 12/31/2011 and is not available to facilities that begin operating after that date. The summary below is provided solely as a point of reference.
Kansas provides an investment tax credit for certain renewable energy facilities constructed between January 1, 2007 and December 31, 2011. The facility must be owned by the owner of a commercial, industrial or agricultural business and be located on the property of that business. The electricity produced by the renewable energy facility must be either used on-site or displace current or future electric load. The credit is equal to 10% of the first $50 million invested in the project and 5% for any expenditures above $50 million. The credit must be claimed in 10 equal annual installments and the project must remain in service during those 10 years.
Before beginning construction the project owner must enter into an agreement with the Department of Commerce. Additionally, the Department of Commerce will review the project and the agreement every year during the 10-year period in which the credits are being claimed to verify that the project is still within the terms established by the agreement.
Incentive Contact
Contact Name | Mari Tucker |
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Department | Kansas Department of Commerce |
Address | 1000 SW Jackson Street, Suite 100 |
Place | Topeka, Kansas |
Zip/Postal Code | 66612-1354 |
Phone | (785) 296-6080
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mtucker@kansascommerce.com | |
Website | http://www.kansascommerce.com/ |
Authorities (Please contact the if there are any file problems.)
Authority 1: | Kansas Statutes 79-32,245, et seq. |
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Date Effective | 2007-01-01 |
Expiration Date | 2011-12-31 |
Authority 2: | [hhttp://www.ksrevenue.org/pdf/k-83.pdf Department of Revenue Schedule K-83]
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- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]
References
Tax Credits Concentrating Solar Power Incentives
CSP Commercial Tax Credit % Eligible Costs | 10% |
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CSP Commercial Tax Credit Max $ | $5,000,000
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Tax Credits Solar Photovoltaic Incentives
PV Commercial Tax Credit % Eligible Costs | 10% |
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PV Commercial Tax Credit Max $ | $5,000,000
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Tax Credits Wind Incentives
Wind Commercial Tax Credit % Eligible Costs | 10% |
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Wind Commercial Tax Credit Max $ | $5,000,000
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- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]
References