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