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Repealed: 01/01/2015

The following was repealed by Public Law 190, 2014: An ethanol producer located in Indiana is entitled to a credit of $0.125 per gallon of ethanol produced, including cellulosic ethanol.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 Credit	Annual Production
$2 million	More than 40 million and less than 60 million gallons of grain ethanol
$3 million	At least 60 million gallons of grain ethanol
$20 million	At 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)