3.0.0 2263 2022-12-31T05:26:02Z 2022-12-31T05:26:02Z Senate S 2021-06-24 117 ssfi00 Finance Committee Senate Standing Referred to 2021-06-24T18:39:58Z Sustainable Skies Act 117 3440 HR 2021-06-16 Sponsor introductory remarks on measure. (CR H2877) Related bill CRS 2021-06-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-06-24 Introduced in Senate IntroReferral 10000 9 Library of Congress B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH N C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2021-06-24 True W000790 Sen. Warnock, Raphael G. [D-GA] Raphael Warnock D GA G. 2021-06-24 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2021-06-24 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2021-07-21 False O000174 Sen. Ossoff, Jon [D-GA] Jon Ossoff D GA 2022-07-19 False C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2022-08-01 False Taxation Air quality Alternative and renewable resources Aviation and airports Climate change and greenhouse gases Income tax credits Motor fuels Taxation 00 2021-06-24 Introduced in Senate 2021-07-26T13:43:46Z Sustainable Skies Act

This bill allows a business-related tax credit through 2031 for each gallon of sustainable aviation fuel used by a taxpayer in the production of a qualified mixture (i.e., a mixture of sustainable aviation fuel and kerosene that is sold for use in certain U.S. aircraft).

The bill generally defines sustainable aviation fuel as liquid fuel that consists of synthesized hydrocarbons, meets certain recognized international standards, is derived from biomass, waste streams, renewable energy sources, or gaseous carbon oxides, is not derived from palm fatty acid distillates, and achieves at least a 50% life cycle greenhouse gas emissions reduction in comparison with petroleum-based jet fuel.

To be eligible for such credit, a taxpayer must meet certification requirements showing that the sustainable aviation fuel conforms with one of the life cycle greenhouse gas emissions reduction tests set forth in this bill.

]]> Sustainable Skies Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a tax credit for sustainable aviation fuel, and for other purposes. Introduced in Senate IS Display Title Sustainable Skies Act Short Title(s) as Introduced Sustainable Skies Act Introduced in Senate IS Introduced in Senate 2021-06-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2263is/xml/BILLS-117s2263is.xml 2021-06-24 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.