Biodiesel Blending Facility Tax Credit « Back to Search Results
Biodiesel Blending Facility Tax Credit

Category: State Incentives, Tax Incentives

AGENCY: Taxation and Revenue Department
DESCRIPTION: The Biodiesel Blending Facility Tax Credit provides a credit equal to 30% of the cost
of purchasing and installing biodiesel blending equipment.
ELIGIBILITY: A taxpayer who is a rack operator as defined in the Special Fuels Supplier Tax Act, who installs biodiesel blending equipment owned by the rack operator for the purpose of establishing or expanding a facility to produce blended biodiesel fuels is eligible to claim a gross receipts tax and compensating tax credit.
•  Excess credit may be carried forward for up to four years from the date of the certificate of eligibility issued by the Energy, Minerals, and Natural Resources Department.
•  The credit cannot exceed $50,000 for equipment installed at one facility.
•  Visit the Taxation and Revenue Department homepage at or call the office of the Secretary at (505) 827-0951.

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