In comments to the Department of Treasury, the Renewable Fuels Association said the use of science-based, consistent and transparent lifecycle analysis methods will be crucially important in implementing the sustainable aviation fuel (SAF) tax credit under the Inflation Reduction Act. “SAF production presents a major new market opportunity for ethanol producers, as the lifecycle carbon footprint of ethanol continues to …
Illinois Passes Sustainable Aviation Fuel Tax Credit
Illinois Governor JB Pritzker signed a package of tax and revenue changes for the state which includes the sustainable aviation fuel (SAF) purchasers credit. The bill creates a $1.50 per U.S. gallon SAF tax credit airlines can use to satisfy all or part of their state use tax liabilities. Illinois Soybean Growers (ISG) Vice Chairman Ron Kindred says the credit …