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Methane Reduction and Economic Growth Act
S. 5167, 118th Congress
- Status
- In committee
- Introduced
- 09/25/2024
- Cosponsors
- 1
- Latest action
- 09/25/2024
About this bill
- Official title
- Methane Reduction and Economic Growth Act
- Sponsor
- Mark Warner (D-VA)
- Introduced in
- Senate
- Policy area
- Taxation
- Committees
- Finance Committee
- Latest action
- Read twice and referred to the Committee on Finance.
Summary
Congressional Research Service, Introduced in Senate (09/25/2024)
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.
Actions
Newest first
- 09/25/2024 · Senate
Read twice and referred to the Committee on Finance.
- 09/25/2024
Introduced in Senate
Source: U.S. Government Publishing Office, GovInfo Bill Status; Congressional Research Service summaries · Last updated 09/25/2024