Small Ethanol Producer Tax Credit

The Small Ethanol Producer Credit allows an additional tax credit of 10 cents per gallon for small ethanol producers. Section 1347 of the Energy Policy Act of 2005 changes the definition of a ?small ethanol producer? to include a production capacity of up to 60 million gallons (instead of the up to 30 million gallons originally established by Congress in 1990). For more information, see IRS Publication 510 and IRS Forms 637 and 6478.

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