Revenue Publishes Informational Bulletin Extending Alternative Fuel Vehicle Manufacturer Tax Credit

SUBJECT: Alternative Fuel Vehicle Manufacturer Tax Credit

DIGEST OF CHANGES: Extends expiration date of credit to Dec. 31, 2016

INTRODUCTION

Indiana provides an income tax credit for assemblers or manufacturers of alternative fuel vehicles. The credit was created in 2007 and applies to taxable years beginning after Dec. 31, 2006. The Indiana Economic Development Corporation (IEDC) certifies qualified investments. The credit is for up to 15% of the qualified investment made in a given tax year, as determined by the IEDC.

The IEDC may not award any credits for investments made after Dec. 31, 2016.

See the bulletin here:

http://www.in.gov/legislative/iac/20120530-IR-045120257NRA.xml.html