Tax incentives for alternative fuel, gasification, and renewable energy facilities

This tax credit is available for certain companies operating alternative fuel facilities, gasification facilities, or renewable energy facilities. Approved companies include a variety of business stakeholders, such as corporations, LLCs, and partnerships. Using a complicated calculation of income tax under two different scenarios, net tax is adjusted such that there is a credit to the approved company that owns the qualifying facility. This procedure is found here: https://www.lawserver.com/law/state/kentucky/ky-statutes/kentucky_statutes_141-421