26 U.S.C. § 40B: Sustainable aviation fuel credit

the number of gallons of sustainable aviation fuel in such mixture, multiplied by $1.25, plus the applicable supplementary amount with respect to such sustainable aviation fuel. For purposes of this section, the term “applicable supplementary amount” means, with respect to any sustainable aviation fuel, an amount equal to $0.01 for each percentage point by which the lifecycle greenhouse gas emissions reduction percentage with respect to such fuel exceeds 50 percent. In no event shall the applicable supplementary amount determined under this subsection exceed $0.50. such mixture is produced by the taxpayer in the United States, such mixture is used by the taxpayer (or sold by the taxpayer for use) in an aircraft, such sale or use is in the ordinary course of a trade or business of the taxpayer, and the transfer of such mixture to the fuel tank of such aircraft occurs in the United States. ASTM International Standard D7566, or the Fischer Tropsch provisions of ASTM International Standard D1655, Annex A1, is not derived from coprocessing an applicable material (or materials derived from an applicable material) with a feedstock which is not biomass, is not derived from palm fatty acid distillates or petroleum, and has been certified in accordance with subsection (e) as having a lifecycle greenhouse gas emissions reduction percentage of at least 50 percent. monoglycerides, diglycerides, and triglycerides, free fatty acids, and fatty acid esters. The term “biomass” has the same meaning given such term in section 45K(c)(3). the most recent Carbon Offsetting and Reduction Scheme for International Aviation which has been adopted by the International Civil Aviation Organization with the agreement of the United States, or any similar methodology which satisfies the criteria under section 211( o )(1)(H) of the Clean Air Act ( 42 U.S.C. 7545 ( o )(1)(H)), as in effect on the date of enactment of this section. is registered with the Secretary under section 4101, and any general requirements, supply chain traceability requirements, and information transmission requirements established under the Carbon Offsetting and Reduction Scheme for International Aviation described in paragraph (1) of subsection (e), or in the case of any methodology established under paragraph (2) of such subsection, requirements similar to the requirements described in clause (i), and such other information with respect to such fuel as the Secretary may require for purposes of carrying out this section. The amount of the credit determined under this section with respect to any sustainable aviation fuel shall, under rules prescribed by the Secretary, be properly reduced to take into account any benefit provided with respect to such sustainable aviation fuel solely by reason of the application of section 6426 or 6427(e). This section shall not apply to any sale or use after December 31, 2024 .