Bizav groups cheer tax credit promoting SAF

摘要

The business aviation community is resoundingly endorsing a measure included in the recently passed government-wide funding bill that industry leaders say will promote and develop use of sustainable aviation fuels (SAF). The Fiscal Year 2020 funding bill, which was signed into law on December 20 shortly after clearing the House and Senate that week, restores an expired biodiesel tax credit through 2022. The tax credit applies to qualified producers or blenders of sustainable fuels derived from biomass.