Growth Energy urges IRS to use up-to-date LCAs to determine SAF tax credits

In Washington, in a comment letter submitted last week to the Internal Revenue Service (IRS), Growth Energy urged the agency to rely on the most accurate and up-to-date lifecycle analysis (LCA) approaches in order to make the most of the 40B and 45Z tax credits in the Inflation Reduction Act (IRA), and to help the U.S. become the global leader in the production of sustainable aviation fuel (SAF).

Growth Energy sent the letter in response to the IRS’s call for public comment on its implementation of the IRA’s 40B Sustainable Aviation Fuel Tax Credit and the 45Z Clean Fuel Production Tax Credit. This is the third time Growth Energy has submitted comments to the IRS on these incentives, and the third time it has reiterated to the agency how important it is that the most thorough, accurate science be used to determine which producers are eligible for the tax credits and how much they can claim.