Top corn growers ask treasury secretary to use GREET model to evaluate SAF tax credits

In Washington, asserting that U.S. tax policy should be tied to the best standards the government has to offer, 17 of the nation’s top corn grower leaders sent a letter to Treasury Secretary Janet Yellen last week encouraging her to adopt an emissions model developed by the Department of Energy as her agency works with the Internal Revenue Service to determine which biofuels lower greenhouse gas emissions enough to qualify for sustainable aviation fuel tax credits under the Inflation Reduction Act.
The letter, which was signed by the president of the National Corn Growers Association and the leaders from state grower groups across the country, calls on Treasury to use an emissions standard referred to as the GREET model, which was developed by the DOE, rather than a less comprehensive international standard preferred by some groups.