Establishes a sustainable aviation fuel tax credit in New York, with higher rates for fuels made from domestic corn and soybeans; requires.

The bill introduces a tax credit for sustainable aviation fuel (SAF) in New York, offering $1.25 per gallon, or $1.50 per gallon if made from domestic corn and soybeans. It mandates a certification process for SAF under the New York State Energy Research and Development Authority (NYSERDA). The NYS climate action council is directed to incorporate the use of SAF in its updated scoping plan. The credit applies to taxable years from January 1, 2027, through January 1, 2033, and expires on January 1, 2034.

Establishes a sustainable aviation fuel tax credit in New York, with higher rates for fuels made from domestic corn and soybeans; requires.

The bill introduces a tax credit for sustainable aviation fuel (SAF) in New York, offering $1.25 per gallon, or $1.50 per gallon if made from domestic corn and soybeans. It mandates a certification process for SAF under the New York State Energy Research and Development Authority (NYSERDA). The NYS climate action council is directed to incorporate the use of SAF in its updated scoping plan. The credit applies to taxable years from January 1, 2027, through January 1, 2033, and expires on January 1, 2034.