Sustainable Aviation Fuel Act: Tax Credits, Grants, and Emission Goals
This act aims to reduce aviation greenhouse gas emissions by promoting sustainable fuels. It introduces tax credits for producers, grant programs for technology development, and sets emission reduction targets, potentially impacting air travel costs and creating green technology jobs.
Key points
New tax credits for companies producing sustainable aviation fuel, potentially lowering production costs and encouraging investment.
Grant programs for the development and production of sustainable aviation fuel, supporting innovation and job creation.
Establishment of aviation greenhouse gas emission reduction targets: 35% by 2035 and net-zero by 2050, influencing the future of air travel.
Requirement for the Department of Defense to purchase sustainable aviation fuel, increasing demand for these fuels.
Support for research into new feedstocks for fuel production, including cover crops, potentially impacting agriculture.
Expired
Additional Information
Print number: 117_S_1608
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2021-05-13