This bill would repeal a federal tax on natural gas that was established under the Clean Air Act to fund a methane emissions and waste reduction incentive program for petroleum and natural gas systems. The legislation, introduced by a group of Republican senators, would eliminate the tax entirely and rescind any unspent funds that had been appropriated for the program. The bill would primarily affect natural gas producers and companies in the petroleum and natural gas industry, which currently pay into this tax. No specific funding amounts or implementation timelines are outlined in the legislation, as it is a straightforward repeal of an existing tax provision. The bill was referred to the Senate Committee on Environment and Public Works for consideration.
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