Restores The Full Value Of Sustainable Aviation Fuel Tax Credit A new bipartisan Senate bill would restore the full value of the sustainable aviation fuel (SAF) tax credit and extend the incentive for eight years to help reduce the aviation industry’s carbon footprint. The new Senate bill, titled the Securing America’s Fuels Act, would return the credit to $1.75 per gallon and extend it through 2033 – key steps to scaling domestic production of the low-carbon fuel. The legislation – co-sponsored by Sens. Jerry Moran (R-Kan.), Catherine Cortez Masto (D-Nev.), Joni Ernst (R-Iowa) and Amy Klobuchar (D-Minn.) – is the companion bill to the Securing America’s Fuels Act (SAF Act) introduced last year in the House of Representatives by Reps. Mike Flood (R-01-Neb.) and Sharice Davids (D-03-Kan.).
