SAF Tax Credit Rules for Biofuels
Treasury Department officials on Tuesday released the rules for the first round of sustainable aviation fuel tax credits. To qualify, biofuel producers will have to show they can have at least 50% lower emissions than petroleum-based jet fuel.
Some Groups Pan SAF Rules for Farmers
A collection of groups and interests immediately weighed in after the U.S. Treasury Department released its guidance Tuesday for U.S. biofuel producers to receive sustainable aviation fuel 40B tax credits. Some groups were encouraged by the guidance while others raised concerns over farmers having to use cover crops to qualify.
Ag Leaders Detail Farm Bill Plans
After months of talks and delays, leaders of the House and Senate Agriculture Committees each laid out separate farm-bill frameworks Wednesday with goals of pushing Congress to pass a new bill this year. The proposals still suffer from the same divisions over nutrition and conservation that have dogged the committees since early 2023.