Hawaii House bill in Session 2026.
Status: in_committee. Latest action: February 14, 2025.
Renewable Fuels Production Tax Credit.
Amends the renewable fuels production tax credit by: increasing the tax credit rate; specifying that the credit may be claimed for fuels that meet certain lifecycle greenhouse gas emissions and product transportation emissions thresholds; adding credit values for low lifecycle emissions renewable fuels and sustainable aviation fuels produced; allowing a taxpayer who previously claimed a credit to claim another credit for taxable years beginning after 12/31/2024; amending the credit period to be for a maximum period of ten consecutive years beginning from the effective date of this Act; and amending the required information in the certified statement. Effective 7/1/3000. (HD2)
| Date | Event | Detail |
|---|---|---|
| 0000-00-00 | Introduced | Bill introduced |
| 2025-02-14 | Status | in_committee |
| 2025-02-14 | Latest Action | Report adopted; referred to the committee(s) on FIN as amended in HD 2 with Representative(s) Pierick voting aye with reservations; Representative(s) Garcia, Muraoka voting no (2) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4). |