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HB 296 Kentucky House · 2025 Regular Session

AN ACT relating to a tax credit for alternative jet fuel.

Summary
Create a new section of KRS Chapter 141 to establish a nonrefundable income tax credit for alternative jet fuel producers and consumers; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates nonrefundable income tax credit for alternative jet fuel producers/consumers, providing direct tax relief under taxation policy per bill summary.95% confidence ✓ EnergySupports EnergyTax credit for alternative jet fuel producers/consumers directly promotes renewable energy adoption and reduces fossil fuel dependence per bill's purpose.92% confidence ✓ TransportationSupports TransportationCreates tax credit for alternative jet fuel producers/consumers, promoting sustainable aviation fuel use within transportation sector.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2025 Last action Feb 7, 2025
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
2
Feb 7, 2025
Committee
to Appropriations & Revenue (H)
lower
Feb 4, 2025
Committee
to Committee on Committees (H)
lower
Feb 4, 2025
Introduced
introduced in House
lower
0 primary · 0 co-sponsors

Sponsors

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