SB 2375: SUSTAINABLE AVIATION FUEL TAX CREDIT
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-01-16
Current Status:
In Progress
(2026-01-26: Referred to EIG/TRS/AEN, WAM.)
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 after December 31, 2025, and sunsets on December 31, 2035.