Michigan SB0235 provides a tax credit for using sustainable aviation fuel in the state.

Michigan SB0235 amends the state's corporate income tax law to allow a credit for using sustainable aviation fuel. The credit is $1.50 per gallon for fuel produced or blended in Michigan and sold within the state. The credit can increase by $0.02 for each additional 1% reduction in life-cycle greenhouse gas emissions above 50%. The credit cannot exceed $2.00 per gallon. To claim the credit, the taxpayer must attach a certificate from the sustainable aviation fuel incentive program. The act will not take effect unless Senate Bill No. 236 is also enacted.

Michigan SB0235 provides a tax credit for using sustainable aviation fuel in the state.

Michigan SB0235 amends the state's corporate income tax law to allow a credit for using sustainable aviation fuel. The credit is $1.50 per gallon for fuel produced or blended in Michigan and sold within the state. The credit can increase by $0.02 for each additional 1% reduction in life-cycle greenhouse gas emissions above 50%. The credit cannot exceed $2.00 per gallon. To claim the credit, the taxpayer must attach a certificate from the sustainable aviation fuel incentive program. The act will not take effect unless Senate Bill No. 236 is also enacted.