States / Virginia / HB 1230

HB 1230 In Committee

Income tax, state; sustainable aviation fuel production tax credit.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Income tax; sustainable aviation fuel production tax credit. Provides, for taxable years 2026 through 2030, a nonrefundable tax credit against individual and corporate income taxes for eligible producers of sustainable aviation fuel, as such terms are defined in the bill. The amount of the credit is the lesser of (i) $0.75 per gallon of sustainable aviation fuel produced in the taxable year or (ii) $5 million. The aggregate amount of credits allowable under this bill shall not exceed $20 million per taxable year.

Chamber
House
Introduced
Jan 14, 2026
Last action
Jul 21, 2026 — Continued from last session
Session
2027
Momentum
38 · Low