Sustainable Aviation Fuel (SAF) Tax Credit Guidance
The Internal Revenue Service (IRS) published guidance for the SAF tax credit created by the Inflation Reduction Act of 2022 (Public Law 117-169). The guidance provides additional safe harbors using the Environmental Protection Agency’s Renewable Fuel Standard program to calculate the lifecycle greenhouse gas emissions reduction percentage of SAF.
For more information, see the IRS press release.
Jurisdiction: Federal
Agency: U.S. Internal Revenue Service
Enacted: Dec 15, 2023
See all Federal Laws and Incentives.