Establishes a sustainable aviation fuel incentive program in Michigan to encourage production of sustainable aviation fuel.
The bill creates a sustainable aviation fuel incentive program in Michigan to encourage the production of sustainable aviation fuel. The Department of Environment, Great Lakes, and Energy will administer the program, which includes an application, approval, and certification process for tax credits. The program sets a cap of $4,500,000.00 in tax credits for the 2025-2026 fiscal year, with a requirement for annual reporting on the program's effectiveness.
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