Senate Bill 284 proposes the establishment of a tax credit for the production of sustainable aviation fuel (SAF) in Wisconsin. The bill defines sustainable aviation fuel as aviation fuel that is at least 90% derived from synthetic, renewable, and nonpetroleum sources, including energy crops. Starting in the tax year 2028, eligible claimants can receive a credit of $1.50 for each gallon of SAF produced in the state, provided that any energy crops used in the production are grown within the United States. The bill also specifies that partnerships, limited liability companies, and tax-option corporations cannot directly claim the credit, but can pass the eligibility and amount of the credit to their partners or shareholders based on their ownership interests.

The bill amends several sections of the statutes to incorporate this new tax credit, including the addition of new subsections that outline the definitions, filing claims, limitations, and administration of the credit. Notably, it amends existing statutes to include references to the new credit under sections 71.05, 71.21, 71.26, 71.34, and 71.45, while also creating new sections 71.07, 71.10, 71.28, 71.30, 71.47, and 71.49 to facilitate the implementation of the credit. The amendments also include the deletion of certain references to streamline the tax credit process.

Statutes affected:
Bill Text: 71.05(6)(a)15, 71.05, 71.21(4)(a), 71.21, 71.26(2)(a)4, 71.26, 71.34(1k)(g), 71.34, 71.45(2)(a)10, 71.45