Electricity and steam

From the 2024 DOR Tax Exemption Study

Home Forms & Publications Publications By Subject Special Notices Sales And Use Tax Deferral Program For Clean Energy Investment Projects Print Sales and use tax deferral program for clean energy investment projects Issue Date July 01, 2022 Intended audience: Certain manufacturing operations, renewable energy storage facilities, and clean fuel producers. Beginning July 1, 2022, a new sales and use tax deferral program is available for eligible investment projects in clean technology manufacturing, clean alternative fuels production, and renewable energy storage. What qualifies? An eligible investment project with costs of at least $2 million in either qualified buildings or qualified machinery and equipment, or both, for any of the following new, renovated, or expanded: Certain manufacturing operations (see definition below). Facilities to store electricity generated from renewable sources. Production facilities for clean fuel, renewable hydrogen, and green electrolytic hydrogen. The certificate may only be used to make purchases of materials and equipment, labor, or services to be incorporated in the eligible investment project at the location listed on the certificate. Applying f