Taxpayers for Common Sense submitted the following comments to the Department of the Treasury and the Internal Revenue Service (IRS) related to the “Sustainable Aviation Fuel Credit” created in the Inflation Reduction Act of 2022. The comments are focused on implementation of the new tax credit which could cost taxpayers billions of dollars in the future. TCS urged Treasury/IRS to ensure that high-carbon, first generation biofuel feedstocks such as corn, soybean oil, and woody biomass do not become eligible for federal tax credits at the expense of consumers, taxpayers, the climate, and environment.
The comments can be viewed below or downloaded here.
Comments
Inflation Reduction Act: Treasury Comments on Sustainable Aviation Fuel Credit
Ensuring high carbon biofuels are not furthered subsidized by taxpayers should be a priority
Taxpayers for Common Sense submitted the following comments to the Department of the Treasury and the Internal Revenue Service (IRS) related to the “Sustainable Aviation Fuel Credit” created in the Inflation Reduction Act of 2022. The comments are focused on implementation of the new tax credit which could cost taxpayers billions of dollars in the future. TCS urged Treasury/IRS to ensure that high-carbon, first generation biofuel feedstocks such as corn, soybean oil, and woody biomass do not become eligible for federal tax credits at the expense of consumers, taxpayers, the climate, and environment.
The comments can be viewed below or downloaded here.
Share This Story!
Related Posts
Taking Advantage of Tax Day
FAQ on the Arctic National Wildlife Refuge
Wildfire Funding in Full Year Continuing Resolution
Green Scissors Comments on 45Z Clean Fuel Production Tax Credit
Comments on 45Z Clean Fuel Production Tax Credit
Interior secretary announces plans to advance new Arctic National Wildlife Refuge oil leasing
Most Read
Get Social
Recent Content
Analysis
Section 199A: Boosting Business or Busting Budgets?
Letter
Letter: Closing Military Bases Overseas Will Save Billions and Improve National Security
FAQ
FAQ on the Arctic National Wildlife Refuge
Op-Ed
The art of the hollow promise to cut Pentagon waste
Stay up to date on our work.
Sign up for our newsletter.
"*" indicates required fields