HB545
Log in to followAN 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; require the Department of Revenue, in conjunction with the Department of Agriculture and the Energy and Environment Cabinet, to promulgate administrative regulations; require the department to report on the credit to the Legislative Research Commission; 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 3, 2026
Last action: February 10, 2026
Plain-language summary
This bill would create a new tax credit for businesses that produce alternative jet fuel in Kentucky. The credit would reduce the amount of state income tax these producers owe, though it would not result in a refund if the credit exceeds their tax bill. State agencies would be required to set rules for the program and report on how the credit is being used. Who it may affect: businesses and producers involved in manufacturing alternative jet fuel in Kentucky.
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