Ethanol Plants Qualified Under LB 536
2003 EPIC Report (December 2003)
2004 EPIC Report (December 2004)
2005 EPIC Report (December 2005)
2006 EPIC Report (December 2006)
2007 EPIC Report (December 2007)
Summary of Ethanol Production Credit Earned (updated monthly)
- Tax Commissioner and producer shall enter into a written agreement. Producer agrees to produce ethanol and State agrees to furnish credits.
- Nebraska provides credit of eighteen cents per gross gallon of ethanol produced, before denaturing.
- The tax credits are in the form of nonrefundable, transferable motor vehicle fuel tax credits. Credit must be transferred to a motor vehicle fuel licensee to be used against tax liability.
- The credits will be given only for ethanol produced at the ethanol production facility at which all fermentation, distillation and dehydration take place.
- Plant must demonstrate capability to produce a minimum rate of ethanol production, before denaturing, of one hundred thousand (100,000) gross gallons annually.
- This minimum rate of ethanol production must be accomplished prior to June 30, 2004.
- Claims for credit may be filed monthly after establishing the minimum requirements. If a claim is properly filed by the 10th day of the month, credit is allowed against fuel tax liability on the 25th of that same month.
- Metering devices used to measure the minimum rate of production must be approved by the State of Nebraska, Department of Agriculture, Division of Weights and Measures annually.
- Producer can receive credits for a period of ninety-six (96) consecutive months, but in no event will credit be allowed for ethanol production which occurs after June 30, 2012.
- Not more than fifteen million six hundred twenty-five thousand (15,625,000) gross gallons of ethanol produced annually at the ethanol production facility will be eligible for the tax credits. Not more than one hundred twenty-five million (125,000,000) gross gallons of ethanol produced at the ethanol facility by the end of the ninety-six (96) consecutive-month period described above shall be eligible for the tax credits.
- Copies of the reports filed with the Federal Bureau of Alcohol, Tobacco and Firearms must be provided to the State on an annual basis.
- An on-site inspection is required before any credit is allowed.
- Ethanol Producers are required to be licensed under motor fuel tax laws and file an electronic return on a monthly basis. Tax is due if sold in Nebraska to an unlicensed party.