In addition to the Green Energy Tax Credit, the Carbon Tax Credit is available. This is the only carbon tax credit in the United States and it provides "certified green energy supply chain manufacturers" with financial protection against any potential price that may be placed on carbon emissions by future legislation.
Wednesday, May 9, 2012
Tennessee Green Energy Tax Credit
Tennessee provides tax credits to industries in the green
energy supply chain that invest more than $250 million into the state. The
Department of Revenue, Department of Economic and Community Development as well
as the Department of Environment and Conservation are authorized to certify
“green energy supply chain manufacturers” as eligible for the Green Energy Tax
Credit. The $1.5 million maximum credit is applied to a company's Franchise and
Excise Tax liability.
In addition to the Green Energy Tax Credit, the Carbon Tax Credit is available. This is the only carbon tax credit in the United States and it provides "certified green energy supply chain manufacturers" with financial protection against any potential price that may be placed on carbon emissions by future legislation.
In addition to the Green Energy Tax Credit, the Carbon Tax Credit is available. This is the only carbon tax credit in the United States and it provides "certified green energy supply chain manufacturers" with financial protection against any potential price that may be placed on carbon emissions by future legislation.
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