Renewable Fuels Nebraska Applauds Legislature for Encouraging Sustainable Aviation Fuel
LINCOLN, NEBRASKA —On the final day of the 108th session, the Nebraska state legislature passed LB937, a tax credit bill introduced by Sen. Eliot Bostar. This legislation includes provisions from Sen. George Dungan’s LB1072 to establish income tax credits for sustainable aviation fuel (SAF) producers based on the number of gallons they sell or use in qualified mixtures in Nebraska.
Renewable Fuels Nebraska Executive Director Dawn Caldwell issued the following statement in response:
“Three cheers for the Nebraska Legislature and their crucial step towards encouraging the next big wave in homegrown American energy to hit right here at home: Sustainable aviation fuel.
“Studies have shown that the global market for SAF will grow by 100-fold within the next 10 years—from $1.29 billion last year to more than $131.12 billion by 2033. And by passing this commonsense policy, our lawmakers can give our farmers, ranchers, and producers, a real opportunity to capture a large part of that market and ensure that every Nebraskan benefits.
We are grateful for Sen. George Dungan's leadership and advocacy, and we thank all our state legislators for successfully passing this legislation.
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