This 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 all credits are issued.

The bill also includes a provision that prohibits the issuance of credit certificates for fiscal years beginning after June 30, 2030, with any unallocated amounts canceling on that date. The new legal language inserted into the statute clarifies these changes and sets an effective date for the amendments as the day following final enactment.

Statutes affected:
Introduction: 41A.30