News
SAF tax credit, digester bills pass committees
Michigan lawmakers have moved forward with bills that could benefit crop and livestock farmers in the state.
A bipartisan sustainable aviation fuel tax credit program was passed unanimously this week by the Senate Natural Resources and Agriculture Committee.
Co-sponsor Sam Singh says a substitute makes clarifications as recommended by the Department of the Treasury and, “ensure that the taxpayer credit has to provide evidence that the SAF is reducing the life cycle greenhouse gas emissions by above 50 percent.”
Michigan’s Sustainable Aviation Fuel Incentive Program Act would certify $4.5 million in production tax credits in its first year and $9 million annually for the next nine years if approved.
The bills now move to the full chambers for consideration
Add Comment