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Committee passes renewable-fuel production credit with amendments and HSEO oversight
Summary
HB1695 HD1, a renewable fuels production tax credit, passed after the committee adopted amendments to clarify definitions, designate the Hawaii State Energy Office as the administering authority and reinstate HSEO verification of greenhouse-gas reductions; the committee left a numerical cap blank for later resolution.
House Bill 16 95 HD1, which expands a renewable fuels production tax credit and applies to taxable years beginning after Dec. 31, 2025, passed out of committee on Feb. 19 after several amendments to clarify administration, definitions and verification.
Testimony from producers, farmers and local biodiesel manufacturers…
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