RENEWABLE FUELS PRODUCTION TAX CREDIT

APPLYING FOR THE TAX CREDIT

Renewable Fuels Production Tax Credit Reinstated in 2022

The 2022 legislature reinstated the Renewable Fuels Production Tax Credit that had expired in 2021. To qualify, taxpayers are required to produce at least 2.5 billion British Thermal Units (BTU) of renewable fuel per year and document that the renewable fuel’s lifecycle greenhouse gas emissions are less than fossil fuel, among other requirements. HSEO is developing guidance and forms for the program, so please bookmark this page and check back for updates.

For the complete details of the RFPTC requirements, Taxpayers should review and follow:

  1. Act 216, Session Laws of Hawai‘i 2022
>