Treasury and IRS Issue Guidance on Calculating Lifecycle GHG Emissions for IRA’s Sustainable Aviation Fuel Tax Credit
By EsqSocial Corporation 03/05/24
The IRA created substantial tax credits for SAF. Under Section 40B, SAF producers who meet certain requirements can claim a credit of at least $1.25 per gallon of SAF. Among other things, eligible SAF must achieve lifecycle GHG emissions reductions of at least 50 percent relative to emissions associated with conventional, fossil-based jet fuel......
By: Foley Hoag LLP - Energy & Climate Counsel