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.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Indiana |
| Incentive Type: | Corporate Tax Credit |
| Web Site: | http://www.in.gov/legislative/bills/2003/PDF/HE/HE1001.1.pdf |
| Administrator: | Indiana Department of Commerce |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| 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 |
| Email: | ppowlick@commerce.state.in.us |
| 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.
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