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Committee advances aviation fuel tax credit aimed at spurring local SAF production
Summary
The committee passed HB1694 HD1 to create a sustainable aviation fuel (SAF) distributor tax credit (starting $1/gal, rising with emissions reductions) capped at $20 million annually; airlines and producers said credits will help close a cost gap, while critics warned about scale, import dependence and the possibility of subsidizing outsiders.
The House Committee on Energy and Environmental Protection on Feb. 19 moved forward HB1694 HD1, a bill establishing a tax credit for sustainable aviation fuel distribution in Hawaii. The credit starts at $1 per gallon and increases by set increments tied to emissions reductions, with a statutory cap of $20,000,000 per year and carryover provisions; the measure applies to taxable years beginning Dec. 31, 2026,…
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