Browse wiki

From Open Energy Information

Alternative Fuel Production Facility Incentives (Kentucky)
DSIRE/LstUpdt September 15, 2014  +
EZFeed/Relevant Yes  +
Incentive/Active true  +
Incentive/ApplDsc Commercial  + , Developer  + , Utility  +
Incentive/ImplSector State/Province  +
Incentive/Name Alternative Fuel Production Facility Incentives (Kentucky)  +
Incentive/PolicyType Financial Incentive  +
Incentive/Summary The Kentucky Economic Development and Fina …
The Kentucky Economic Development and Finance Authority (KEDFA) provides tax incentives to construct, retrofit, or upgrade an alternative fuel production or gasification facility that uses coal or biomass as a feedstock. Beginning Aug. 1, 2010, tax incentives are also available for energy-efficient alternative fuel production facilities and up to five alternative fuel production facilities that use natural gas or natural gas liquids as a feedstock. Energy-efficient alternative fuels are defined as homogeneous fuels that are produced from processes designed to densify feedstocks such as coal, waste coal, or biomass resources, and have an energy content that is greater than the feedstock. The incentives may consist of: 1) a refund of up to 100 percent of the state sales tax paid on the purchase of personal property used to construct the facility; 2) a credit of up to 100 percent of an approved company's state income tax and limited liability entity tax that is generated by the project; 3) up to 4 percent of the wage assessment of employees whose jobs were created as a result of the construction, retrofit, upgrade or operation of a qualified facility; and 4) a credit for up to 80 percent of the severance tax paid for coal, natural gas, or natural gas liquids used as a feedstock. The incentives expire at the time of receipt of the authorized incentives or 25 years from activation of the project, whichever occurs first. Approved companies may recover up to 50 percent of their capital investment through the authorized tax incentives. The minimum capital investment for incentive eligibility is $25 million for an alternative fuel or gasification facility that uses biomass as the primary feedstock; $100 million for an alternative fuel or gasification facility that uses coal, natural gas, or natural gas liquids as the primary feedstock; and $25 million for an energy-efficient alternative fuel facility.
nergy-efficient alternative fuel facility.  +
Incentive/TechDsc Biomass/Biogas + , Coal with CCS + , Natural Gas +
Incentive/Type Corporate Tax Incentive +
Incentive/Website http://energy.ky.gov/biofuels/Pages/biofuelsIncentives.aspx  +
OpenEI/PageDescription Alternative Fuel Production Facility Incentives (Kentucky): energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Kentucky  + , Corporate Tax Incentive  +
Place Kentucky: Energy Resources +
Categories EZFeed Policies
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
01:50:50, 13 February 2015  +
hide properties that link here 
  No properties link to this page.
 
Enter the name of the page to start browsing from.