This bill proposes an amendment to Minnesota Statutes 2024, Section 41A.30, Subdivision 5, increasing the allocation limits for the tax credit related to sustainable aviation fuel. Specifically, it raises the maximum amount of credit certificates that can be issued to:

• $17,400,000 for fiscal year 2025
  
• $22,100,000 (previously $10,000,000) for each of fiscal years 2026 through 2029

Additionally, any unused credit allocation from these fiscal years can be carried forward and allocated through fiscal year 2030 until the full allocation is used. However, no new credit certificates can be issued after June 30, 2030, and any remaining unallocated funds will be canceled at that time.