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NE LB8

Bill

Official Source

Status

Introduced

1/9/2025

Primary Sponsor

George Dungan

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Moves the first year the sustainable aviation fuel tax credit is available from January 1, 2027 to January 1, 2028
  • Converts the credit from nonrefundable to refundable, allowing producers to receive payment even if they have no tax liability
  • Removes the five-year limit on how many years a producer can claim the credit
  • Eliminates the $500,000 annual cap on total credits the department may approve
  • Credit amount remains unchanged: $0.75 per gallon of sustainable aviation fuel plus a supplementary amount based on emissions reduction

Legislative Description

Change provisions relating to the tax credits under the Sustainable Aviation Fuel Tax Credit Act

Last Action

Title printed. Carryover bill

1/7/2026

Committee Referrals

Revenue1/13/2025

Full Bill Text

No bill text available