On July 3, Congress extended the §45Z credit through 2029, while also extending the ability of taxpayers to transfer the credit for cash. While this extension is effective immediately, other changes and technical clarifications require formal rulemaking from Treasury. Beginning in September 2025, SAF will no longer receive a special rate; it will receive a maximum of $1 on a level basis with other fuels. Beginning in 2026, the credit is only available for fuels produced with North American feedstocks. Carbon intensity scores for the credit will no longer include ILUC. 

Please write your Representative and Senators to let them know that our industry needs immediate rules on the tax credit and policy certainty to resume production.