VirginiaIncome tax, state; sustainable aviation fuel production tax credit.
What it does
Income tax; sustainable aviation fuel production tax credit. Provides, for taxable years 2026 through 2030, a nonrefundable tax credit against individual and corporate income taxes for eligible producers of sustainable aviation fuel, as such terms are defined in the bill. The amount of the credit is the lesser of (i) $0.75 per gallon of sustainable aviation fuel produced in the taxable year or (ii) $5 million.
More detail
The aggregate amount of credits allowable under this bill shall not exceed $20 million per taxable year.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 11Continued to next session in Finance (Voice Vote)Latest
- Feb 9Subcommittee recommends continuing to (Voice Vote)
- Feb 9House subcommittee offered
- Feb 7Fiscal Impact statement From TAX (2/7/2026 7:50 pm)
- Feb 5Assigned HFIN sub: Subcommittee #1Minor
- Jan 14Referred to Committee on FinanceMinor
- Jan 14Prefiled and ordered printed; Offered 01-14-2026 26105191DIntroduced