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S. 5167

BillFederalSenateIn Committee
To amend section 45Q of the Internal Revenue Code of 1986 to establish the mine methane capture incentive credit.
About This Bill
Committee
Latest Action · September 25, 2024
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
September 25, 2024
Cosponsors (1)
0D 1R
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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.

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