article thumbnail

Cleared for Takeoff? Tax Credits Provide Runway for Cleaner Jet Fuel

CPA Practice

Sustainable jet fuel has been around for years, but only accounts for a fraction of all jet fuel. Administration officials said commercial aviation—mostly passenger and cargo airlines—accounts for 10 percent of all fuel consumed by transportation and 2 percent of U.S. It costs more than twice as much as traditional jet fuel.

Iowa 52
article thumbnail

What's new in May for state sales and use taxes

TaxConnex

States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. Alabama has enacted that some agriculture products are exempt from sales and use tax if these sales are made by the producer, immediate family or an employee.

Sales 192