Bill aims to promote sustainable aviation in Washington state with tax incentives

In Georgia, Environment + Energy Leader reported that a bill, sponsored by Spokane Democratic Senator Andy Billig, could give tax incentives to the manufacturing and purchasing of SAF. The report noted that the bill would incentivize the production of alternative fuel production facilities in Washington state by creating a business and operations tax rate of 0.275% for the manufacture and sale of sustainable aviation fuels. The tax incentive would go into effect July 1, 2024, but only after a facility capable of producing at least 20 million gallons of alternative jet fuel is operating in Washington. Additionally, the bill creates a business and public utilities tax credit for some sales and purchases of alternative jet fuel, if the fuel has at least 50% less carbon dioxide emissions than conventional fuel. The report also noted that the credits are equivalent to one dollar for every gallon of alternative jet fuel, increasing depending on the reduction in emissions.

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