This bill creates a new tax credit for companies that capture methane from mining operations, including underground, abandoned, and surface mines. The credit applies to methane that would otherwise be released into the atmosphere, with captured methane either injected into regulated pipelines for energy use or used directly to produce heat or other energy. To qualify, a mining facility must begin construction before January 1, 2036, capture at least 2,500 metric tons of methane annually, and ensure proper measurement and verification of the captured gas. The tax incentive becomes effective for methane captured after December 31, 2024, and modifies the existing tax code section 45Q to extend similar carbon capture credits to methane from mining sources.
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