Bill > S01229

This bill establishes a sustainable aviation fuel (SAF) tax credit program in New York State designed to incentivize the production and use of environmentally friendly aviation fuels. The bill creates a tax credit of $1.25 per gallon for sustainable aviation fuels, with an increased rate of $1.50 per gallon for fuels made from domestically produced corn and/or soybeans. The New York State Energy Research and Development Authority (NYSERDA) will develop a certification process to verify that aviation fuels meet specific sustainability criteria, including a minimum 50% reduction in lifecycle greenhouse gas emissions compared to traditional petroleum-based jet fuel. The credit will be available for tax years from 2027 to 2032, with a cap of $2.4 million per taxpayer annually. Additionally, the bill directs the New York State Climate Action Council to incorporate the impact of sustainable aviation fuels in its updated climate scoping plan, highlighting the state's commitment to reducing carbon emissions in the transportation sector. To qualify, the sustainable aviation fuel must be produced or blended in New York State and sold for use in aircraft departing from New York airports, creating a localized approach to supporting clean energy development.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S1229