HI HB1044

Replaces the Department of Business, Economic Development, and Tourism's certification and verification requirements for the renewable fuels production tax credit with a third-party certified statement process filed directly by taxpayers.

Requires taxpayers claiming the credit to file an independent, third-party certified statement within 30 days of the calendar year end, including fuel type, quantity, BTU values, feedstock used, and number of employees by state of residency.

Maintains the $3,000,000 annual aggregate cap on the credit, with proportional division among eligible taxpayers if claims exceed the cap; the Department must discontinue issuing certificates once the cap is reached.

Requires taxpayers to provide written notice of intent to produce renewable fuels before production begins, including facility location, production capacity, and anticipated start date; allows public inspection of this information under chapter 92F.

Applies to taxable years beginning after December 31, 2017, and allows the Department to continue submitting annual reports to the governor and legislature on renewable fuels production facilities, BTU production by fuel type, and production projections.