HI SB910

Shifts renewable fuels production tax credit administration from the Department of Business, Economic Development, and Tourism (DBEDT) to a survey-based system, citing DBEDT's lack of tax accounting expertise and fuel production industry knowledge.

Requires taxpayers claiming the credit to file certified annual statements with DBEDT by 30 days after calendar year-end, reporting fuel type, quantity, BTU values, feedstock used, credit amounts, employee data, and facility locations.

Maintains the $3,000,000 annual aggregate cap on tax credits, with proportional allocation among eligible taxpayers if claims exceed the cap; credits cannot exceed $3,000,000 per calendar year.

Eliminates DBEDT's prior verification and certification duties; replaces them with DBEDT issuing certificates within 30 days of receiving taxpayer statements for filing with tax returns, with the Department of Taxation retaining audit authority.

Requires DBEDT to submit annual reports to the governor and legislature on renewable fuels production facilities, BTU production by fuel type, and projected production; effective July 1, 2050.