Limiting 45Z credits to U.S. feedstocks has risks, says Vilsack
U.S. food and ag exports might suffer if the government denies 45Z tax credits to foreign feedstocks used in making sustainable aviation fuel, said Agriculture Secretary Tom Vilsack on Tuesday. The Biden administration intends to issue regulations for the tax credits, worth up to $1.75 a gallon, before leaving office in January, Vilsack told a biofuels group. "I'm confident that we're going to get her done."
More crops, more farming practices should get a share of SAF credits, says Vilsack
The USDA is arguing for broader farmer eligibility for a share of tax credits of up to $1.25 a gallon for sustainable aviation fuel (SAF), said Agriculture Secretary Tom Viilsack on Thursday. Farm groups have called for a broader array of crops and farming practices to be included in the 45Z tax credit regulations now being formulated by the Biden administration.