The sustainable aviation fuel (SAF) credit applies to certain fuel mixtures that contain SAF sold or used after December 31, 2022, and before January 1, 2025. This new credit was created by the Inflation Reduction Act of 2022 (Public Law 117-169, 136 Stat. 1818). Guidance and Rules Find guidance on the SAF credit and requirements related to the Form 637 registration process for producers and importers of SAF in Notice 2023-06PDF. Amount of Credit The SAF credit is $1.25 for each gallon of SAF in a qualified mixture. To qualify for the credit, the SAF must have a minimum reduction of 50% in lifecycle greenhouse gas emissions. There is also a supplemental credit of one cent for each percent that the reduction exceeds 50%. Find what constitutes SAF and a qualified mixture, along with a safe harbor for calculating the lifecycle greenhouse gas emissions reduction percentage in Notice 2023-06. How to Claim the Credit There are two ways to claim the SAF credit. The first is through an excise tax claim. The second is a general business credit that is nonrefundable and must be included in income. See Notice 2023-06 for additional details. Public Comments Submit public comments by February 17, 2023, to assist the Department of the Treasury and the Internal Revenue Service in developing additional guidance on the SAF credit in the future. Get details in Notice 2023-06. Related Topic Excise Tax