This bill amends Minnesota Statutes 2024, specifically section 41A.30, subdivision 5, to increase the allocation for the credit for sustainable aviation fuel. The new allocation limits set by the bill specify that the commissioner must not issue credit certificates exceeding $7,400,000 for fiscal year 2025 and $10,000,000 for the fiscal years 2026 to 2029. This represents a significant increase from the previous limit of $2,100,000.

Additionally, the bill stipulates that if the entire authorized amount is not allocated in the specified fiscal years, the allocation will continue into fiscal year 2030 until fully utilized. However, the commissioner is prohibited from issuing any credit certificates for fiscal years beginning after June 30, 2030, and any unallocated amounts will be canceled on that date. The changes outlined in this bill will take effect the day following final enactment.

Statutes affected:
Introduction: 41A.30