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Eric Fanning, President and Chief Executive Officer of the Aerospace Industries Association | https://en.wikipedia.org/wiki/Eric_Fanning

Treasury adopts AIA recommendations in new Section 45X guidance

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Aerospace Industries Association (AIA) Vice President of International Affairs Dak Hardwick has expressed approval for the U.S. Treasury Department's inclusion of AIA recommendations in the guidance for Section 45X of the Inflation Reduction Act.

“AIA is pleased to see the Department of Treasury release implementation guidance for Section 45X of the Inflation Reduction Act. The guidance includes the costs of direct and indirect materials, extraction production, and acquisition of raw materials as eligible for the tax credit, a direct ask of AIA and our members,” Hardwick stated. “AIA has been a leading advocate on this issue, and we are grateful to the U.S. government for their commitment to secure our aerospace and defense supply chain and enhance our national security.”

The AIA has consistently called for clarification regarding Section 45X of the Inflation Reduction Act. In August 2023, they published a document detailing essential steps needed to secure the defense critical minerals supply chain.

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