IN HB1539 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 19 2023 - 25% progression, died in committee
Action: 2023-01-19 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 19 2023 - 25% progression, died in committee
Action: 2023-01-19 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Tax credit for aviation fuel. Beginning in 2026, provides a tax credit equal to $3 per bushel of qualified feedstock: (1) sold to a qualified fuel production facility; or (2) used directly by a qualified feedstock producer for production of sustainable aviation fuel. Provides that the total amount of tax credits allowed may not exceed $5,000,000 in each state fiscal year. Requires the department of state revenue to adopt rules. Provides that the tax credit expires December 31, 2040.
Title
Tax credit for aviation fuel.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-19 | House | First reading: referred to Committee on Ways and Means |
| 2023-01-19 | House | Authored by Representative Soliday |
Subjects
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2023/bills/house/1539/details |
| Text | https://iga.in.gov/legislative/2023/bills/house/1539/#1.INTR |
