The House Ways and Means Committee on September 15 approved tax and spending reconciliation legislation that includes fuel excise tax related provisions. Specifically, the bill language includes the reinstatement of the hazardous substance superfund fee on crude oil and petroleum product imports, the creation of a nonrefundable income tax sustainable aviation fuel mixture credit and a refundable excise tax credit and payment for sustainable aviation fuel mixture credits, and an extension of the biodiesel mixture credit, alternative fuel mixture credit, and alternative fuel credits through December 31, 2031.
Source PwC
