The bill described, S.F. No. 1312, is about increasing funding for tax credits related to sustainable aviation fuel. Specifically, the proposed changes would:

1. Increase the maximum amount of money available for these tax credits to $7,400,000 for the fiscal year 2025.
2. For fiscal years 2026 through 2029, increase the cap to $10,000,000 each year.
3. Any funds from these caps that aren't used by fiscal year 2025 or any year up to 2029 can be carried over and used up until the fiscal year 2030.
4. After June 30, 2030, no new credits will be issued, and any funds that haven't been allocated will no longer be available.

This bill is designed to foster increased use of sustainable aviation fuels by providing more substantial financial incentives through tax credits, thereby supporting environmental initiatives within Minnesota.