In addition to the 50% up to $50,000 infrastructure tax credit that the Federal Government gives retailers for installing E85 pumps, many states offer incentives. Take a look at a few of the states that offer incentives for selling ethanol blended fuels. For a complete listing of state incentives, click here.
Kansas
The state offers an income tax credit for alternative fueling stations placed into service after January 1, 2009. The tax credit, worth up to 40% of the total costs, may not exceed $100,000.
Missouri
An income tax credit is available for the costs of constructing a qualified alternative fuel vehicle fueling station. The tax credit may not exceed the lesser of $20,000 or 20% of the costs directly associated with the purchase and installation of any alternative fuel storage and dispensing equipment.
New York
A state tax credit is available for the installation of alternative fuel vehicle fueling infrastructure located in the state. The tax credit is equal to 50% of the cost of the infrastructure. This includes infrastructure for storing or dispensing an alternative fuel into the fuel tank of a motor vehicle powered by that fuel, as well as infrastructure used for charging electric vehicles.
Louisiana
The state offers an income tax credit worth 50% of the cost of constructing an alternative fueling station.
For questions regarding infrastructure tax credits, contact the Growth Energy Market Development team at 1-877-485-8595 or at marketdevelopment@growthenergy.org.
