Hawaii SB2375 establishes a tax credit for sustainable aviation fuel to reduce greenhouse gas emissions.

Hawaii SB2375 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 bill specifies that eligible taxpayers must provide written notice to the Department of Transportation and Department of Taxation before distributing sustainable aviation fuel. The credit amount is $1 per gallon, with an additional two cents for each additional location of sustainable aviation fuel facilities.

Hawaii SB2375 establishes a tax credit for sustainable aviation fuel to reduce greenhouse gas emissions.

Hawaii SB2375 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 bill specifies that eligible taxpayers must provide written notice to the Department of Transportation and Department of Taxation before distributing sustainable aviation fuel. The credit amount is $1 per gallon, with an additional two cents for each additional location of sustainable aviation fuel facilities.