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 they can compute and pass on the credit amounts to their partners or shareholders based on their ownership interests.

In addition to creating new sections related to the SAF production credit, the bill amends several existing statutes to incorporate references to this new credit. Notably, it amends sections 71.05, 71.21, 71.26, 71.34, and 71.45 to include the new credit under the relevant subsections, while also deleting references to previous credits that are no longer applicable. The bill aims to promote the production of sustainable aviation fuel in Wisconsin, thereby supporting renewable energy initiatives and reducing reliance on fossil fuels in the aviation sector.

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