SB 0235
Corporate income tax: credits; credit for use of sustainable aviation fuel; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 678. TIE BAR WITH: SB 236'25
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
```json { "summary": "This bill creates a tax credit for Michigan businesses that produce or blend sustainable aviation fuel (SAF) within the state. The credit is $1.50 per gallon of SAF sold to purchasers who use it in aircraft departing from Michigan airports. The credit amount increases based on the fuel's reduction in greenhouse gas emissions, up to a maximum of $2.00 per gallon. This legislation is contingent on the passage of Senate Bill 236.", "keyProvisions": [ "Provides a $1.50 per gallon tax credit for SAF produced or blended in Michigan.", "The credit increases by $0.02 per gallon for each 1% reduction in life-cycle greenhouse gas emissions above 50%.", "SAF must be sold to purchasers using it in aircraft departing from Michigan airports.", "Qualified taxpaye
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Joseph N. Bellino Jr.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.