Indiana > State Incentives
Biodiesel Production Tax Credit
A biodiesel producer located in Indiana may receive a credit of $1.00 per gallon of biodiesel produced. The Indiana Economic Development Corporation (IEDC) must review and approve applications for this incentive. The IEDC may grant a single taxpayer no more than $3 million total for all taxable years; this maximum incentive may be increased to $5 million with prior approval from IEDC. As of March 2011, no funds have been appropriated for this incentive. (Reference Indiana Code 6-3.1-27-8)