Taxpayers for Common Sense submitted the following comments to the Department of the Treasury and the Internal Revenue Service (IRS) related to the “Sustainable Aviation Fuel Credit” created in the Inflation Reduction Act of 2022. The comments are focused on implementation of the new tax credit which could cost taxpayers billions of dollars in the future. TCS urged Treasury/IRS to ensure that high-carbon, first generation biofuel feedstocks such as corn, soybean oil, and woody biomass do not become eligible for federal tax credits at the expense of consumers, taxpayers, the climate, and environment.

The comments can be viewed below or downloaded here.