Bill > HF1669

This bill increases the tax credit allocation for sustainable aviation fuel (SAF) in Minnesota by modifying the existing statutory limits. Specifically, the bill changes the credit allocation from $2,100,000 to $10,000,000 for fiscal years 2026 through 2029, a significant increase from the current allocation. For fiscal year 2025, the allocation remains at $7,400,000. The bill also extends the period during which unused allocations can be carried forward, allowing any unallocated amounts to remain available for allocation through fiscal year 2030. After June 30, 2030, any remaining unallocated credits will be cancelled. The purpose of this bill appears to be supporting the sustainable aviation fuel industry by providing more financial incentives through increased tax credits, which could help encourage the development and use of more environmentally friendly aviation fuel technologies. The bill will take effect the day after it receives final enactment, providing immediate flexibility for tax credit allocations related to sustainable aviation fuel.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1669&ssn=0&y=2025