Legislation was introduced in the U.S. House and Senate today that would extend a new sustainable aviation tax credit for biofuels for ten years and prevent foreign producers from accessing the credits.
The Senate bill was introduced by Sens. Roger Marshall (R-Kansas) and Sherrod Brown (D-Ohio) and the House bill was introduced by Reps. Tracey Mann (R-Kansas) and Marcy Kaptur (R-Ohio).
The National Corn Growers Association praised the development.
“Corn growers are making every effort to help the airline industry lower its greenhouse gas emissions through the use of corn ethanol,” said Minnesota farmer and NCGA president Harold Wolle. “We are deeply appreciative of these leaders for introducing legislation that establishes requirements for the tax credit that will level the playing field for America’s corn growers.”
Read more from NCGA here: https://ncga.com/stay-informed/media/in-the-news/article/2024/09/ncga-supports-legislation-establishing-guidelines-for-sustainable-aviation-fuel-tax-credits
