S 5167 · 118th Congress · Taxation
Methane Reduction and Economic Growth Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2024-09-25)
Plain Language Summary
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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. …
Summarized by Claude AI · Non-partisan · For informational purposes only