HB545

Kentucky HB545 establishes a tax credit for alternative jet fuel producers and feedstock providers.

Kentucky HB545 introduces a tax credit for entities producing or supplying feedstock for alternative jet fuel. The credit is available to alternative jet fuel producers and feedstock providers, with rates varying based on the type of fuel produced or feedstock supplied. The bill defines "alternative jet fuel" as a liquid fuel meeting specific synthesized hydrocarbon standards and achieving a 50% lifecycle greenhouse gas emissions reduction compared to petroleum-based jet fuel.