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Committee hears expanded refundable tax credit to attract sustainable aviation fuel production
Summary
Sen. George Dungan asked the Revenue Committee to amend Nebraska’s SAF tax credit by making it refundable, removing the $500,000 cap and eliminating a five‑year claiming limit to attract producers to the state.
Sen. George Dungan told the Revenue Committee LB 8 would strengthen Nebraska’s sustainable aviation fuel tax credit to make the incentive refundable, remove the prior $500,000 annual cap and eliminate a five‑year claiming limit for producers.
Dungan said the changes are intended to make Nebraska competitive and attract production facilities. “We passed this bill last year and … our bill made a mark on both the national and international community,” he said, adding that a refundable credit is more reliable than federal incentives that may change.
Proponents from the agricultural and biofuels sectors said the refundable credit and removed limits are necessary to underwrite capital costs and bring large projects to…
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