Tuesday - October 22, 2024
IRS Issues Notice No. 2024-37 Entitled 'Sustainable Aviation Fuel Credit'
May 19, 2024
WASHINGTON, May 19 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following notice (No. 2024-37) in Internal Revenue Bulletin (No. 2024-21, dated May 20, 2024):

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SECTION 1. PURPOSE

This notice provides additional guidance and safe harbors regarding the sustainable aviation fuel (SAF) credits under Sec.Sec. 40B and 6426(k) of the Internal Revenue Code (collectively, SAF credit or SAF credits).1 The Department of the Treasur . . .

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