Biodiesel Income Tax Credit

Expired: 12/31/2007

An income tax credit was authorized to biodiesel suppliers for up to 5% of the costs of the facilities and equipment used in the wholesale or retail distribution of biodiesel fuels. Additionally, the Alternative Fuels Commission may provide grants of up to $0.10 per gallon for the production of biodiesel, up to 5 million gallons per producer per year, for a period not to exceed five years. Fundng for this incentive ended ini 2007. (Reference Arkansas Code 15-4-2803 and 15-4-2804)