Biodiesel Suppliers Tax Credit

June 08, 2004


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.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Arkansas
Incentive Type: Corporate Tax Credit
Web Site:
Start Date: 1/1/03
Eligible Renewable/Other Technologies:
Incentive Amount: 5% of facilities and equipment costs
Maximum Incentive: None
Carryover Provisions: 3-year carry forward


Name: SB 363 of 2003
Date Enacted: 4/14/03
Effective Date: 1/1/03


Name: Corporate Tax Information
Organization: Department of Finance & Administration
Address: 1507 W. 7th St.
Little Rock AR 77201
Phone: (501) 682-4775

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.