A coalition of 15 aviation stakeholders is urging U.S. congressional leaders to enhance tax incentives for sustainable aviation fuel (SAF). In letters to Senate Majority Leader John Thune (R-South Dakota) and House Speaker Mike Johnson (R-Louisiana), the stakeholders called temporary SAF and Clean Fuel Production tax credits provided under the Inflation Reduction Act as welcomed incentives. But they added, “It is critical to improve and enhance the SAF incentives to ensure the United States does not cede ground to other countries in this emerging market.”
In a joint letter last week, the groups urged lawmakers to extend the duration of the Clean Fuel Production credits to at least 10 years to provide market certainty and reduce risk on investment in SAF projections. “Without a change, the existing three-year duration is insufficient to attract and sustain the investment needed to dramatically increase U.S. SAF production and create more American jobs,” the stakeholders wrote.
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