Loading chat...
US SB2304
Bill
AI Summary
- Amends Section 45Q of the Internal Revenue Code to create a new tax credit for capturing methane from mining operations, including underground mines, abandoned mines, and surface mines
- Provides credit calculated per metric ton of CO2 equivalent of qualified methane captured and either injected into compliant pipelines for energy use or used for producing heat/energy without significant atmospheric release
- Requires qualifying facilities to begin construction before January 1, 2036, and capture at least 2,500 metric tons of CO2e methane annually to be eligible
- Defines methane capture equipment as equipment connecting qualified facilities to pipeline systems or energy generation equipment
- Applies retroactively to qualified methane captured after December 31, 2024
Legislative Description
Methane Reduction and Economic Growth Act
Taxation
Last Action
Read twice and referred to the Committee on Finance.
7/16/2025
Committee Referrals
Finance7/16/2025
Full Bill Text
No bill text available