HI HB2237

Expands the existing ethanol facility tax credit to include other liquid biofuels (biodiesel, biojet, green diesel) produced from agricultural feedstock in Hawaii.

Changes the tax credit calculation from a percentage-based system to 30 cents per gallon of nameplate capacity for facilities with capacity greater than 500,000 gallons, up to a maximum of 15 million gallons per facility.

Adds requirement that qualifying biofuel production facilities use agricultural feedstock for at least 75 percent of production output and defines eligible feedstocks (sugar cane, sweet sorghum, biomass, etc.) while excluding used cooking oils and industrial waste.

Maintains the 8-year credit period and 40 million gallon per year statewide production capacity cap, with credits no longer available for new facilities once the cap is reached.

Requires facilities to provide annual production reports to the Department of Business, Economic Development, and Tourism including gallons produced, feedstock sources, Hawaii versus overseas sales, and employee counts.