Illinois Approves Tax Credit for Sustainable Aviation Fuels

The Illinois state Senate passed a bill in early 2023 that created a $1.50/gallon excise tax credit for sustainable jet fuel or SAF.

The Senate Bill 2951 it is possible to reserve the tax credit, however, the period of the incentive itself will begin in June 2023 and continue for ten years, until he July 1, 2033.

This news from Illinois marks a great danger for sustainable aviation fuel, because a tax credit like this will help airlines to eliminate their operations at a faster pace.

The incentive also shows the value of SAF as a way to reduce the roots and reduce the problems of the climate being paid. not the government.

Read more: Honeywell is starting to make jet fuel from ethanol

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