SB 2027: SUSTAINABLE AVIATION FUEL TAX CREDIT

Session Year: 2025-2026
House: Senate
Latest Version Date: 2026-01-14

Current Status:

In Progress

(2026-02-17: The committee on AEN deferred the measure.)

Introduced

First Committee Review

First Chamber

Second Committee Review

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 after December 31, 2025, and sunsets on December 31, 2035.

Discussed in Hearing