Referred to the House Committee on Ways and Means.
Taxation
Why This Matters
This bill aims to encourage the production of sustainable aviation fuel by offering tax credits and extending the time frame for these credits. It helps promote cleaner fuel options for airplanes, which can benefit the environment.
If you work in the aviation industry, this bill could lead to more investment in cleaner fuel options.
Who this affects
sustainable aviation fuel companies · aviation industry
What changes is this bill making?
1This bill reinstates a special tax credit for producing sustainable aviation fuel.
2It increases the tax credit amount for fuel produced at qualified facilities.
3The bill extends the credit period for selling sustainable aviation fuel until 2033.
4Sustainable aviation fuel must meet specific industry standards and cannot come from certain sources.
