Summary

Income tax; sustainable aviation fuel production tax credit. Provides, for taxable years 2026 through 2030, a nonrefundable tax credit against individual and corporate income taxes for eligible producers of sustainable aviation fuel, as such terms are defined in the bill. The amount of the credit is the lesser of (i) $0.75 per gallon of sustainable aviation fuel produced in the taxable year or (ii) $5 million. The aggregate amount of credits allowable under this bill shall not exceed $20 million per taxable year.

Digest published by the state legislature, retrieved via Open States. Heard is not affiliated with either.

Bill text

The full text of this bill isn't on Heard yet. The official documents are linked below.

• IntroducedOfficial document (PDF)
• IntroducedOfficial document (HTML)
• Finance SubstituteOfficial document (PDF)
• Finance SubstituteOfficial document (HTML)
• Subcommittee #1 Subcommittee SubstituteOfficial document (PDF)
• Subcommittee #1 Subcommittee SubstituteOfficial document (HTML)

No roll-call votes recorded for this bill yet.