SAF Act
House Committee Reviews SAF Act to Boost Sustainable Aviation Fuel Tax Credits to $1.75 and Extend Program to 2033
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Raises the clean fuel tax credit for sustainable aviation fuel made at certain facilities, from 20 cents to 35 cents in one case.
- Also raises the higher facility credit amount for this fuel from $1.00 to $1.75, which could make more projects pencil out financially.
- Extends the clean fuel production credit so it applies to fuel sold through the end of 2033, instead of ending after 2029.
- Sets rules for what counts as sustainable aviation fuel, and excludes fuel made from palm fatty acid distillates or petroleum.
- Applies to fuel produced after December 31, 2025, meaning the higher credit would start for new production going forward.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
3 articles
Bills Seek To Boost SAF Tax Credit, Ease Cert Pains
Introduced by Sen. Jerry Moran (R-Kansas), the Securing America's Fuel Act (S.3759) would return the tax credit for SAF production to $1.75 per gallon and extend it through 2033. The bill aims to close the gap created when Congress recently reduced the value of sustainable fuel incentives.
SAF Act aims to extend 45Z credit, reinstate SAF premium
Reps. Sharice Davids and Mike Flood introduced the SAF Act to reinstate the 45Z clean fuel production credit premium for sustainable aviation fuel and extend the credit through 2033. The bill seeks to restore the $1.75 per gallon rate that was effectively capped at $1.00 by the OBBBA.
Sen. Moran, Klobuchar, Ernst, Cortez Masto Introduce Securing America's Fuels Act
A bipartisan group of Senators introduced the Securing America's Fuels (SAF) Act to strengthen the sustainable aviation fuel industry. The legislation would reinstate the SAF bonus credit of up to $1.75 per gallon and provide long-term stability by extending the 45Z credit through 2033.
Source Information
Document Type
Congressional Bill
Official Title
SAF Act
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.