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Committee advances renewable-fuels production tax credit after detailed debate over rollovers, imports and environmental risks
Summary
SB2376 SD2 HD1, which expands a renewable fuels production tax credit, was recommended to pass after extensive testimony by industry supporters, utilities and environmental critics focusing on rollover caps, whether credits should be project‑based or taxpayer‑based, feedstock imports, and lifecycle-emissions modeling.
The House Economic Development Committee recommended passage of SB2376 SD2 HD1 on March 25 after prolonged debate over how the proposed renewable‑fuels production tax credit would be structured and how it would affect local feedstock production, greenhouse‑gas goals and state finances.
Proponents including the Hawaii Renewable Fuels Coalition and industry representatives said incentives are needed now to jumpstart local production and build a market that could mature over 5–10 years. Nalani Parsons, a coalition executive director, told the committee that tax credits would help scale producers and recommended expanding eligible feedstocks and…
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