State Legislatures

Indiana Code Annotated 6-3.1-29-14 provides for a Coal Gasification Technology Investment Tax Credit.

An advanced energy tax credit for coal facilities that capture and sequester or control CO2 emissions so that no more than one thousand one hundred pounds per megawatt-hour of carbon dioxide is emitted into the atmosphere.

Provides that carbon sequestration equipment, clean advanced coal research and development equipment, and coal gasification facilities for which carbon dioxide is sequestered may qualify for an abatement of property tax liability.

Allows a taxpayer to claim a deduction of up to 10% of the amortized cost of equipment used in a clean coal project.

Provides that a coal conversion facility that achieves a twenty percent capture of carbon dioxide emissions during a taxable period is entitled to a twenty percent tax reduction.

Entitles a taxpayer to a deduction from Kansas adjusted gross income with respect to the amortization of the amortizable costs of carbon dioxide capture, sequestration or utilization machinery and equipment.

Provides tax credits for facilities that capture at least 50 percent of their total CO2 emissions.