FLARE Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1188 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1188 To amend the Internal Revenue Code of 1986 to provide for permanent full expensing for property used to capture gas that would otherwise be flared or vented and to use such gas in value-added products. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 27, 2025 Mr. Cruz introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide for permanent full expensing for property used to capture gas that would otherwise be flared or vented and to use such gas in value-added products. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Facilitating Lower Atmospheric Released Emissions Act'' or the ``FLARE Act''. SEC. 2. PERMANENT FULL EXPENSING OF COSTS RELATED TO FLARING AND VENTING MITIGATION…