Biofuels Production Tax Credit

Beginning January 1, 2017, qualified biodiesel and ethanol facilities are eligible for an income tax credit of $0.075 per gallon for new production of biodiesel and ethanol. Biodiesel and ethanol facilities may claim the tax credit for up to 10 million gallons of ethanol and biodiesel produced during a 12-consecutive month period, up to 36 months. Additional terms and conditions apply. For more information, see the South Carolina Energy Office Funding website.