Cleared for Takeoff? Tax Credits Provide Runway for Cleaner Jet Fuel
Federal tax breaks aim to boost sustainable jet fuel production to curb emissions from commercial planes and meet climate targets.
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Federal tax breaks aim to boost sustainable jet fuel production to curb emissions from commercial planes and meet climate targets.
New tax credit guidelines issued for producers of sustainable aviation fuel
A collection of groups and interests immediately weighed in after the U.S. Treasury Department released its guidance Tuesday for U.S. biofuel producers to receive sustainable aviation fuel 40B tax credits. Some groups were encouraged by the guidance while others raised concerns over farmers having to use cover crops to qualify.
The guidelines were praised by the ethanol industry but got a cooler reaction from environmentalists.
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