HB 1694: SUSTAINABLE AVIATION FUEL TAX CREDIT

Session Year: 2025-2026
House: House
Latest Version Date: 2026-02-19

Current Status:

In Progress

(2026-02-20: Report adopted; referred to the committee(s) on FIN as amended in HD 2 with Representative(s) Gedeon, Muraoka voting aye with reservations; Representative(s) Alcos, Garcia, Pierick voting no (3) and Representative(s) Quinlan excused (1).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Establishes a tax credit for sustainable aviation fuel distribution in Hawaii to reduce greenhouse gas emissions. Provides $1 per gallon, increasing by 2 cents per additional 1 per cent emissions reduction, up to $2 per gallon. Caps total credits at $20,000,000 annually, with carryover provisions. Requires reporting to ensure transparency and compliance. Applies to taxable years beginning after December 31, 2026, and sunsets on December 31, 2035. Effective 7/1/3000. (HD2)

Discussed in Hearing