Virginia 2024 Regular Session

Virginia House Bill HR61

Introduced
1/31/24  

Caption

Sustainable aviation fuel; encouraging steps to increase usage in the Commonwealth.

Impact

The implications of HR61 are multi-faceted, focusing on environmental and economic benefits. By encouraging the increased utilization of SAF, the bill seeks to reduce greenhouse gas emissions when compared to traditional fossil jet fuels. The resolution brings together various stakeholders, including the Secretary of Transportation and the Department of Energy, to explore and implement strategies that promote the development and utilization of SAF from Virginia's biomass resources.

Summary

House Resolution 61 (HR61) is a legislative measure aimed at promoting the use of sustainable aviation fuel (SAF) within the Commonwealth of Virginia. The resolution emphasizes the strategic location of Virginia, boasting 66 public-use airports, many of which can facilitate the distribution of SAF to neighboring East Coast states. With the aviation industry's notable growth in SAF consumption, which has increased by 243 percent over the past two years, Virginia stands to leverage its position as a leading producer of sustainable biomass feedstocks necessary for SAF production.

Contention

While the resolution does not outline direct regulatory changes, it implicitly invites several state departments to collaborate and innovate towards making Virginia a leader in sustainable aviation fuel. This initiative might raise questions among local businesses and environmental organizations regarding the balance between agricultural practices and sustainable development. The competitive landscape is also highlighted as neighboring states vie for the same economic opportunities within the growing SAF market.

Companion Bills

No companion bills found.

Previously Filed As

VA HB1459

Relating To Sustainable Aviation Fuel.

VA HB1459

Relating To Sustainable Aviation Fuel.

VA HB1594

Sustainable Aviation Fuel Act

VA HB1230

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

VA SB0236

Corporate income tax: other; sustainable aviation fuel incentive program; create. Creates new act.

VA SF1312

Allocation increase for the credit for sustainable aviation fuel

VA HB1694

Relating To Sustainable Aviation Fuel Tax Credit.

VA SB2027

Relating To Sustainable Aviation Fuel Tax Credit.

VA SB2375

Relating To Sustainable Aviation Fuel Tax Credit.

VA HB1303

To Create The Sustainable Aviation Fuel Incentive Act; And To Create An Income Tax Credit Related To Sustainable Aviation Fuel.

Similar Bills

No similar bills found.