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.

Jurisdiction: South Carolina

Type: State Incentives

Enacted: Jun 21, 2007

Amended: Jun 13, 2008

Technologies: Biodiesel, Ethanol

See all South Carolina Laws and Incentives.