Income and corporate franchise taxes; allocation for the credit for sustainable aviation fuel increased.

HF 1669 increases the annual funding limit for Minnesota's tax credit supporting sustainable aviation fuel producers. It raises the allocation cap from $2.1 million to $10 million per year for fiscal years 2026 through 2029. This change directly affects businesses producing or using sustainable aviation fuel within Minnesota by expanding the available tax credit. The bill amends Minnesota Statutes section 41A.30 to adjust these funding limits, allowing more financial support for this clean energy initiative. The credit remains available until fiscal year 2030, with unallocated funds expiring after that date.