141.422 Definitions for KRS 141.422 to 141.425.
602 words·~3 min read·
/ky/chapter-141/141-422A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in KRS 141.422 to 141.425:
(1)"Annual biodiesel and renewable diesel tax credit cap" means:
(a)For calendar years beginning prior to January 1, 2008, one million five
hundred thousand dollars ($1,500,000);
(b)For the calendar year beginning on January 1, 2008, five million dollars
($5,000,000);
(c)For calendar years beginning on or after January 1, 2009, but before January 1,
2021, ten million dollars ($10,000,000);
(2)"Annual biodiesel, renewable diesel, and renewable chemical production tax credit
cap" means, for calendar years beginning on or after January 1, 2021, ten million
dollars ($10,000,000);
(3)"Annual cellulosic ethanol tax credit cap" means five million dollars ($5,000,000),
unless the annual cellulosic ethanol tax credit cap is modified pursuant to KRS
141.4248, in which case the cap established by KRS 141.4248 shall be the annual
cellulosic ethanol tax credit cap for that year. Any adjustments to the annual
cellulosic ethanol tax credit cap made pursuant to KRS 141.4248 shall be made on
an annual basis and shall not carry forward to subsequent years;
(4)"Annual ethanol tax credit cap" means five million dollars ($5,000,000), unless the
annual credit cap is modified pursuant to KRS 141.4248, in which case the cap
established by KRS 141.4248 shall be the annual ethanol tax credit cap for that
year. Any adjustments to the annual ethanol tax credit cap made pursuant to KRS
141.4248 shall be made on an annual basis and shall not carry forward to
subsequent years;
(5)"Biodiesel" means a renewable, biodegradeable, mono alkyl ester combustible
liquid that is derived from agriculture crops, agriculture plant oils, agriculture
residues, animal fats, or waste products that meets current American Society for
Testing and Materials specification D6751 for biodiesel fuel
(B100)blend stock
distillate fuels;
(6)"Biodiesel producer" means an entity that manufactures biodiesel at a location in
this Commonwealth;
(7)"Cellulosic ethanol" means ethyl alcohol for use as motor fuel that meets the current
American Society for Testing and Materials specification D4806 for ethanol that is
produced from cellulosic biomass materials of any lignocellulosic or hemicellulosic
matter that is available on a renewable or recurring basis, including:
(a)Plant wastes from industrial processes such as sawdust and paper pulp;
(b)Energy crops grown specifically for fuel production such as switchgrass; or
(c)Agricultural plant residues such as corn stover, rice hulls, sugarcane, and
cereal straws;
(8)"Cellulosic ethanol producer" means an entity that uses cellulosic biomass materials
to manufacture cellulosic ethanol at a location in this Commonwealth;
(9)"Blended biodiesel" means a blend of biodiesel with petroleum diesel so that the
percentage of biodiesel in the blend is at least two percent (2%) (B2 or greater);
(10)"Ethanol" means ethyl alcohol produced from corn, soybeans, or wheat for use as a
motor fuel that meets the current American Society for Testing and Materials
specification D4806 for ethanol;
(11)"Ethanol-based tax credits" means the cellulosic ethanol tax credit provided for in
KRS 141.4244 and the ethanol tax credit provided for in KRS 141.4242;
(12)"Ethanol producer" means an entity that uses corn, soybeans, or wheat to
manufacture ethanol at a location in this Commonwealth;
(13)"Renewable diesel" means a renewable, biodegradeable, non-ester combustible
liquid that:
(a)Is derived from biomass resources as defined in KRS 152.715; and
(b)Meets the current American Society for Testing and Materials Specification
D396 for fuel oils intended for use in various types of fuel-oil-burning
equipment; D975 for diesel fuel oils suitable for various types of diesel fuel
engines; or D1655 for aviation turbine fuels; and
(14)"Renewable diesel producer" means an entity that manufactures renewable diesel at
a location in this Commonwealth.