Sustainable aviation fuel income tax credit and exemptions for data centers and construction of sustainable aviation fuel facilities repealed, increased general fund amounts reallocated from repealed tax provisions to increase the renter's credit, and corresponding technical changes made.

HF 3304 repeals tax breaks for sustainable aviation fuel producers and data centers, including an income tax credit for sustainable aviation fuel and sales/use tax exemptions for data center operations and facility construction. The revenue generated from these repeals will be redirected to increase the state's renter's credit, providing additional tax relief to low-to-moderate-income renters. The bill also makes technical adjustments to various tax statutes to reflect these changes. This affects businesses in the sustainable aviation fuel sector, data center operators, and renters who qualify for the increased credit.