WASHINGTON (December 15, 2023) – Today the U.S. Treasury Department released new guidance for so-called “sustainable aviation fuel” (SAF) tax credits that could allow jet fuel made from corn ethanol or vegetable oils to qualify for generous subsidies. The Inflation Reduction Act (IRA) created a tax credit for sustainable aviation fuels (SAF) that reduce emissions by at least 50%. This tax credit is intended to help the aviation industry meet its decarbonization goals.