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Tax Credits for Sustainable Aviation Fuel: Supporting Cleaner Skies

This act introduces tax credits for companies producing and using sustainable aviation fuel. The goal is to encourage a reduction in aviation greenhouse gas emissions, potentially leading to cleaner air and a healthier environment for all citizens.
Key points
Aviation companies can receive a tax credit for using fuel that significantly reduces emissions compared to traditional jet fuel.
The credit amount depends on how environmentally friendly the fuel is, with an additional bonus for greater emission reductions.
The aim is to support the development and use of aviation fuels that are better for the environment, which can impact air quality.
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Additional Information
Sustainable Skies Act
Print number: HR 3440
Sponsor: Rep. Schneider, Bradley Scott [D-IL-10]
Process start date: 2021-05-20