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

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.

Introduced: February 4, 2025

Last action: February 7, 2025

To Appropriations & Revenue (H)

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This bill would create a new Kentucky income tax credit for businesses that produce or use alternative jet fuel. The credit would be nonrefundable, meaning it can reduce a tax bill but not result in a refund. It also allows the Department of Revenue to publicly report information about how the credit is used. Who it may affect: businesses that produce or purchase alternative jet fuel, such as airlines or fuel manufacturers operating in Kentucky.

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