ACAF: Restore SAF-Specific Special Rate to 45Z Tax Credit to Maximize Economic Benefits of Clean Aviation Fuels
ACAF: Restore SAF-Specific Special Rate to 45Z Tax Credit to Maximize Economic Benefits of Clean Aviation Fuels
WASHINGTON — As Senate Republicans continue consideration of the budget reconciliation bill, Americans for Clean Aviation Fuels Executive Director Jeff Grappone released the following statement calling for a 45Z framework that drives cross-sector investment to build the American SAF market and advance American energy independence:
“We are grateful for the strong support in both chambers for 45Z, which demonstrates the importance of clean aviation fuels to the president’s energy dominance agenda. Efforts in the House and now Senate Finance Committee to extend the credit to 2031 will help provide market certainty for America’s heartland communities and energy producers while promoting energy security.
“However, delivering the full benefits of clean aviation fuels to the American economy will require restoration of the SAF-specific special rate, as maintained in the House-passed bill, to spur cross-sector investment in this emerging market.
“As the Senate continues work on the reconciliation package, we encourage members to advance a 45Z framework that is technology neutral and reflects the importance of the full value chain – aviation, manufacturers, farmers, oil and gas, and biofuels – to building the American SAF market and enabling energy independence.”
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Media Contact:
Gabrielle Donofrio
gabrielle@rokksolutions.com
About Americans for Clean Aviation Fuels (ACAF)
Americans for Clean Aviation Fuels is the first national coalition that brings together leaders across the full value chain to promote the benefits of building a robust U.S. market for clean aviation fuels. ACAF membership is comprised of dynamic industry leaders from the aviation, manufacturing, energy, and agriculture sectors, united in their mission to advance the production and adoption of clean aviation fuels. Committed to driving economic growth, reducing emissions, and bolstering national security, ACAF represents a pivotal force in propelling sustainable aviation practices in the U.S. while creating good-paying jobs. For more information about ACAF and to see a list of founding members, please visit
www.americansforcleanaviationfuels.com.