Hawaii HB1694 establishes a tax credit for sustainable aviation fuel to reduce greenhouse gas emissions.

Hawaii HB1694 introduces a tax credit for sustainable aviation fuel to encourage its production and distribution within the state. The credit is intended to reduce greenhouse gas emissions in the aviation sector, support economic development, and advance Hawaii's climate goals. The credit is $1 per gallon of sustainable aviation fuel sold for distribution in the state, provided it meets the lifecycle greenhouse gas emissions reduction threshold. The credit amount will increase by two cents for each additional December 31, 2035.

Hawaii HB1694 establishes a tax credit for sustainable aviation fuel to reduce greenhouse gas emissions.

Hawaii HB1694 introduces a tax credit for sustainable aviation fuel to encourage its production and distribution within the state. The credit is intended to reduce greenhouse gas emissions in the aviation sector, support economic development, and advance Hawaii's climate goals. The credit is $1 per gallon of sustainable aviation fuel sold for distribution in the state, provided it meets the lifecycle greenhouse gas emissions reduction threshold. The credit amount will increase by two cents for each additional December 31, 2035.