Ethanol Production Tax Credit

June 08, 2004


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.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Indiana
Incentive Type: Corporate Tax Credit
Web Site:
Administrator: Indiana Department of Commerce
Start Date:
Eligible Renewable/Other Technologies:
Incentive Amount: $0.125/gallon
Maximum Incentive: $5,000,000


Name: Philip Powlick
Address: One North Capitol, #700
Indianapolis IN 46204-2248
Phone: (317) 232-8970
Name: Department of Revenue
Address: 100 N Senate Ave
Indianapolis IN 46204
Phone: (317) 232-2240

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.