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)
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More on this bill
Where it stands
Introduced
2Passed House
3Passed Senate
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Feb 14Reported from ECD (Stand. Com. Rep. No. 654) as amended in HD 2, recommending referral to FIN.Latest
Feb 14Report 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).
Feb 12The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Todd, Matsumoto.Minor
Vote recorded The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Feb 7Bill scheduled to be heard by ECD on Wednesday, 02-12-25 10:00AM in House conference room 423 VIA VIDEOCONFERENCE.
Feb 4Reported from EEP (Stand. Com. Rep. No. 88) as amended in HD 1, recommending passage on Second Reading and referral to ECD.
Feb 4Passed Second Reading as amended in HD 1 and referred to the committee(s) on ECD with none voting aye with reservations; Representative(s) Muraoka voting no (1) and Representative(s) Cochran, Kong, Ward excused (3).Minor
Jan 28The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 4 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Quinlan, Ward.Minor
Vote recorded The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Jan 24Bill scheduled to be heard by EEP on Tuesday, 01-28-25 9:00AM in House conference room 325 VIA VIDEOCONFERENCE.
Jan 23Introduced and Pass First Reading.Minor
Jan 23Referred to EEP, ECD, FIN, referral sheet 3Minor