A bill to amend 1967 PA 281, entitled “Income tax act of 1967,” (MCL 206.1 to 206.847) by adding section 677.
The bill would allow a taxpayer engaged in the use of sustainable aviation fuel to claim a credit against the income tax imposed in an amount equal to $1 per gallon of sustainable aviation fuel purchased in the State during the tax year by a business for use as fuel for flights departing the State. The amount of the credit per gallon allowed would increase by $0.02 for each additional 1% reduction in carbon dioxide equivalent emissions above 50% but could not exceed $2 per gallon.
Introduced
by
Referred to the Committee on Energy and Environment
