U.S. Treasury Issues New SAF Tax Credit Guidance | Aviation International News

Sustainability and Environment

U.S. Treasury Issues New SAF Tax Credit Guidance

The guidance expands the range of fuels eligible for tax subsidies

saf tanker — The new guidance issued this morning by the U.S. Treasury Department expands the number of alternative fuels that are eligible for federal tax credits, leading some to raise questions over actual sustainability and calculated carbon reduction rates. © Avfuel

By Curt Epstein • Business Aviation Services Editor

December 15, 2023

The U.S. Treasury and Internal Revenue Service this morning released new guidance on which sustainable fuels are eligible for federal tax credits created by last year’s Inflation Reduction Act (IRA). The guidance expands the scope of fuels that will qualify for credits, including those that have been approved by the EPA under the Renewable Fuel Standard.

Under the IRA, SAF producers are required to use a carbon lifecycle assessment developed by ICAO to determine their qualification for SAF production incentives. The new guidance will accept the use of a Department of Energy standard, which many believe will weigh ethanol-derived SAF more favorably and make it eligible for subsidies under the IRA.

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