S 5167
118th Congress
Senate
Taxation
Methane Reduction and Economic Growth Act
Introduced: September 25, 2024
Introduced by:
Warner, Mark R.
Democratic
· Virginia
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2024
Read twice and referred to the Committee on Finance.
Sep 25, 2024
Introduced in Senate
Plain-English summary
Methane Reduction and Economic Growth Act
This bill establishes a new tax credit for qualified methane mine capture. The bill defines qualified methane as any methane that is captured from mining activities by methane capture equipment, would otherwise be released into the atmosphere as an industrial emission of greenhouse gas or lead to such release, and is measured at the source of capture and verified at the point of injection or utilization.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1