Biofuel Production Facility Tax Credit

Expired: 01/01/2014

Need Help? Something Missing?

Email the Technical Response Service or call 800-254-6735.

A taxpayer who processes biodiesel, ethanol, or gasoline blends consisting of at least 70% ethanol (E70) is eligible for a tax credit equal to 25% of the cost of constructing and equipping the processing facility. The taxpayer must take the credit in seven equal annual installments beginning with the taxable year in which the facility is placed into service. This tax credit does not apply to infrastructure placed into service on or after January 1, 2014. (Reference North Carolina General Statutes 105-129.16D)