SAF Act

This bill (S 3759, the SAF Act) boosts financial incentives for producers of sustainable aviation fuel (SAF) by increasing tax credits and extending their availability. It raises the credit rate to $1.75 per gallon for certain SAF facilities (up from $1.00) and to 35 cents per gallon for others (up from 20 cents), while extending the credit period through December 31, 2033 (previously ending in 2029). The bill specifically defines SAF to exclude palm oil-based fuel and petroleum, requiring compliance with ASTM International fuel standards. These changes directly affect SAF producers meeting the defined criteria, providing greater financial support for clean aviation fuel production.