HB 4424
Corporate income tax: credits; credit for use of sustainable aviation fuel; provide for. Amends 1967 PA 287 (MCL 206.1 - 206.847) by adding sec. 678. TIE BAR WITH: HB 4425'25
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- 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 how much the SAF reduces greenhouse gas emissions compared to traditional jet fuel, with a maximum credit of $2.00 per gallon. The bill is contingent on the passage of Senate Bill No. 1436 and House Bill No. 1436.", "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 aircr
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Primary sponsor
Cosponsors
Cameron Cavitt
Curtis VanderWall
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