Ethanol production tax credit
Sec. 7. Subject to IC 6-3.1-27-9.5 and section 11 of this chapter,
a taxpayer that has been certified by the corporation as eligible for a
credit under this section and produces ethanol at a facility is entitled
to a credit against the taxpayer's state tax liability equal to the
product of:
(1) twelve and one-half cents ($.125); multiplied by
(2) the number of gallons of ethanol produced at the Indiana
facility.
As added by P.L.224-2003, SEC.200. Amended by P.L.191-2005,
SEC.12.
Last modified: May 28, 2006