Hawaii SB995 establishes tax credits for sustainable aviation fuel imports and renewable fuels production to reduce greenhouse gas emissions.
Hawaii SB995 introduces tax credits to incentivize the production and importation of sustainable aviation fuel and renewable fuels. The bill establishes a sustainable aviation fuel import tax credit of $1 per gallon for fuel sold in the state. It also increases the renewable fuels production tax credit to 35 cents per 76,000 British thermal units of renewable fuels produced.
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