LB8

Nebraska LB8 amends tax credit provisions for sustainable aviation fuel producers.

Nebraska LB8 changes the tax credit provisions for sustainable aviation fuel producers. It allows a refundable tax credit for producers of sustainable aviation fuel, equal to the number of gallons sold or used multiplied by a specified amount. The bill also modifies the eligibility criteria and the credit amount for various tax credits, including credits for contributions to economic programs, biodiesel facilities, and job creation. Additionally, it introduces a new credit for parents of stillborn children and adjusts the credit for certain income levels.