Summary/Abstract
This bill would allow a business tax credit though 2031 for each gallon of qualifying sustainable aviation fuel used by a taxpayer. The bill defines sustainable aviation fuel as a liquid fuel that consists of synthesized hydrocarbons; meets certain recognized international standards; is derived from biomass, waste streams, renewable energy sources, or gaseous carbon oxides; is not derived from palm fatty acid distillates; and achieves at least 50% life cycle GHG emissions reduction as compared to petroleum-based jet fuel.