Establishes a sustainable aviation fuel import tax credit and increases the renewable fuels production tax credit in Hawaii.

This bill establishes a sustainable aviation fuel import tax credit in Hawaii, providing a credit of $1 per gallon for each taxpayer importing sustainable aviation fuel into the state. It also increases the renewable fuels production tax credit, allowing a credit of 35 cents per 76,000 British thermal units of renewable fuels produced and sold for distribution in the state.

Establishes a sustainable aviation fuel import tax credit and increases the renewable fuels production tax credit in Hawaii.

This bill establishes a sustainable aviation fuel import tax credit in Hawaii, providing a credit of $1 per gallon for each taxpayer importing sustainable aviation fuel into the state. It also increases the renewable fuels production tax credit, allowing a credit of 35 cents per 76,000 British thermal units of renewable fuels produced and sold for distribution in the state.