Hawaii Senate Bill 995

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Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 17 2025 - 25% progression
Action: 2025-01-29 - The committee on AEN deferred the measure.
Pending: Senate Energy and Intergovernmental Affairs Committee
Text: Latest bill text (Introduced) [HTML]

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.

Relating To Renewable Fuel.

Sen. Glenn Wakai [D]	Sen. Stanley Chang [D]	Sen. Mike Gabbard [D]	Sen. Dru Kanuha [D]
Sen. Jarrett Keohokalole [D]	Sen. Angus McKelvey [D]	Sen. Troy Hashimoto [D]

Date	Chamber	Action
2025-01-29	Senate	The committee on AEN deferred the measure.
2025-01-29	Senate	The committee on EIG deferred the measure.
2025-01-24	Senate	The committee(s) on EIG/AEN has scheduled a public hearing on 01-29-25 1:00PM; Conference Room 224 & Videoconference.
2025-01-23	Senate	Referred to EIG/AEN, WAM.
2025-01-21	Senate	Passed First Reading.
2025-01-17	Senate	Introduced.

HB976 (Same As) 2025-02-07 - Bill scheduled to be heard by ECD on Wednesday, 02-12-25 10:00AM in House conference room 423 VIA VIDEOCONFERENCE.

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=995&year=2025
Text	https://www.capitol.hawaii.gov/sessions/session2025/bills/SB995_.HTM
Supplement	https://www.capitol.hawaii.gov/sessions/session2025/Testimony/SB995_TESTIMONY_EIG-AEN_01-29-25_.PDF