Grassley calls for common sense on SAF tax credits

by | Jul 5, 2024 | 5 Ag Stories, News

United States Senator Chuck Grassley (R-IA) says the next version of the Sustainable Aviation Fuel tax credit needs common sense, something he says is lacking in this year’s credit that’s due to run out in December.

Senator Grassley says the 45Z tax credit due by the first of next year must avoid the issues of the expiring 45B credit for biofuel-based sustainable aviation fuel, which is a potentially massive market for biofuels.

Grassley has been critical about utilizing used cooking oil imports from China that qualify for SAF tax credits.

Grassley credits USDA Secretary Tom Vilsack for his interagency efforts to level the playing field despite limited success.

Grassley hopes Congress puts an end to any SAF tax credit favoring imported feedstocks over domestic feedstocks, an imbalance he argues will be a disaster for U.S. grain production.