Ethanol Production Tax Credit

Repealed: 01/01/2015

The following was repealed by Public Law 190, 2014: An ethanol producer located in Indiana is entitled to a credit of $0.125 per gallon of ethanol produced, including cellulosic ethanol. The Indiana Economic Development Corporation must review and approve applications for this credit. The credit granted to a single taxpayer may not exceed the following amounts for all taxable years:

Tax CreditAnnual Production
$2 millionMore than 40 million and less than 60 million gallons of grain ethanol
$3 millionAt least 60 million gallons of grain ethanol
$20 millionAt least 20 million gallons of cellulosic ethanol

Any unused credit may be carried forward for the following taxable years. For more information, see the Indiana Department of Revenue Fuel & Environmental (Gasoline) Tax Forms website.

(Reference Indiana Code 6-3.1-28)

Jurisdiction: Indiana

Type: State Incentives

Enacted: May 4, 2007

Technologies: Ethanol

See all Indiana Laws and Incentives.