Treasury Issues Green Aviation Fuel Tax Credit Guidance (1)

The Treasury Department on Tuesday released guidance for sustainable aviation fuel tax credits, detailing how taxpayers will model emissions when seeking the credits and providing a safe harbor for certain climate-friendly agricultural processes.

The guidance updates the model called Greenhouse Gases, Regulated Emissions, and Energy Use in Technologies—or GREET—with additional data and clarity on how taxpayers can seek sustainable aviation fuel tax credits.

“We’ve been laser-focused on getting this methodology right to boost the SAF industry, to spur innovation, to create new economic opportunities for America’s farmers and rural communities and meaningfully lower emissions to tackle the climate crisis,” administration ...