RELATING TO RENEWABLE FUEL.
Sponsored By: Glenn Wakai (Democratic)
In Committee
Summary
Establishes the sustainable aviation fuel import tax credit. Increases the renewable fuels production tax credit amount. Repeals the: (1) cap amount of claimable renewable fuels production tax credit; (2) requirement that the tax credit be claimed for fuels with lifecycle emissions below fossil fuels; and (3) prohibition on claiming other tax credits for the cost incurred to produce renewable fuels. Specifies that the renewable fuels production tax credit can only be claimed for fuels that meet the certain thresholds. Adds an additional tax credit value. Clarifies that a taxpayer who previously claimed a renewable fuels production tax credit may claim another one for taxable years beginning after 12/31/2024. Clarifies and expands required information in the certified statement for the tax credit. Repeals the requirement that the Hawaii State Energy Office provide the taxpayer with a determination of whether the lifecycle greenhouse gas emissions for each type of qualified fuel produced is lower than that of fossil fuels.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Glenn Wakai
Democratic • Senate
Cosponsors
Stanley Chang
Democratic • Senate
Mike Gabbard
Democratic • Senate
Troy N. Hashimoto
Democratic • Senate
Dru Mamo Kanuha
Democratic • Senate
Jarrett Keohokalole
Democratic • Senate
Angus L.K. McKelvey
Democratic • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Carried over to 2026 Regular Session.
12/8/2025The committee on EIG deferred the measure.
1/29/2025SenateThe committee on AEN deferred the measure.
1/29/2025SenateThe committee(s) on EIG/AEN has scheduled a public hearing on 01-29-25 1:00PM; Conference Room 224 & Videoconference.
1/24/2025SenateReferred to EIG/AEN, WAM.
1/23/2025SenatePassed First Reading.
1/21/2025SenateIntroduced.
1/17/2025Senate
Bill Text
Original
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