IR-2024-153, May 31, 2024

WASHINGTON — The Treasury Department and Internal Revenue Service (IRS) today issued Notice 2024-49PDF for the Clean Fuel Production Credit.

The Inflation Reduction Act allows a credit for the production of clean transportation fuels beginning on January 1, 2025.

For purposes of the Clean Fuel Production Credit, transportation fuel is divided into two broad categories of fuel; sustainable aviation fuel (SAF) and non-SAF transportation fuel.
Read more at https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-clean-fuel-production-credit