Key Takeaways
- A bipartisan bill would restore the higher SAF tax credit.
- The Securing America’s Fuels Act extends support through 2033.
- The measure aims to stabilize the sector and provide clarity for producers.
US Bill Would Restore Key SAF Tax Credit and Extend Support Through 2033
Bipartisan Legislation Aims to Stabilize Sustainable Aviation Fuel Sector
A bipartisan group of US lawmakers has introduced a bill that would restore and extend a key federal incentive for sustainable aviation fuel (SAF), aiming to stabilize a sector that developers say has been shaken by shifting policy. The Securing America’s Fuels Act would reinstate the higher, SAF-specific rate within the Clean Fuel Production Tax Credit and extend it through 2033, providing a tax credit of $1.75 per gallon for qualifying producers. Congress had extended the broader clean fuel credit earlier this year but removed the bonus rate for SAF, a change that caught many in the industry by surprise. Supporters of the new bill say it offers the long-term clarity producers need to resume construction and move ahead with expansion plans. AeroTime reports.
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