This bill amends Minnesota Statutes 2024, specifically section 41A.30, subdivision 5, to increase the allocation for the tax 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 can continue into fiscal year 2030 until all funds are distributed. However, it also establishes that no credit certificates will be issued 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