KRS 141.4248: Transfer of unused ethanol or cellulosic ethanol tax credit caps

established by KRS 141.4242 and 141.4244.

(1) (a) If, in any calendar year, all approved applications for credit filed pursuant to

KRS 141.4242 and 141.4244 do not completely use the an nual cellulosic

ethanol tax credit cap established by KRS 141.4244 or annual ethanol tax

credit cap established by KRS 141.4242, as the case may be; and

(b) The other ethanol-based tax credit program has total approved applications for

credit that exceed the annual cap established for that program;

then the unused cap may be transferred to the other ethanol -based tax credit

program.

(2) The amount of credit cap transferred from one (1) program to the other shall not

exceed the amount necessary for all appr oved applicants to receive the one dollar

($1) per gallon credit provided for in KRS 141.4242 or 141.4244, as the case may

be.

(3) Any unused cap remaining for any calendar year after both programs have been

fully funded shall not be available to be used in any other year.