updated: 3/9/2012 12:44:26 PM

Rockport Decision Could Rest With Department of Revenue

InsideINdianaBusiness.com Report

The Indiana Department of Revenue is expected to decide whether a coal gasification project in southern Indiana should receive a tax credit of more than $120 million. Our partners at the Evansville Courier & Press report tax credit language for the project in Rockport will not make its way into a bill during the final day of this year's legislative session.

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The state agency is exepcted to rule in favor of the credit.

Opponents including Vectren Corp. (NYSE: VVC) believe the plant involves outdated technology and will cost taxpayers an estimated $800 million.

Proponents are satisfied working through the Indiana Department of Revenue.

Source: Courier & Press

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