The bill amends Minnesota Statutes 2024, section 41A.30, subdivision 5, to increase the allocation for the credit for sustainable aviation fuel. Specifically, it raises the cap on tax credits from $2,100,000 to $10,000,000 for the fiscal years 2026 through 2029. Additionally, it establishes that if the entire authorized amount is not allocated during these years, the allocation can continue into fiscal year 2030 until fully utilized.

Furthermore, the bill stipulates that the commissioner must not issue any credit certificates for fiscal years beginning after June 30, 2030, and any unallocated amounts will be canceled on that date. The new provisions will take effect the day following final enactment.

Statutes affected:
Introduction: 41A.30