Bill118th CongressFiled Sep 25, 2024Taxation
S. 5167
Methane Reduction and Economic Growth Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Sep 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.
What just happenedSep 25, 2024
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Warner, Mark R. [D-VA](D-VA)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions
- Introduced in SenateSep 25, 2024
- Sep 25, 2024IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Sep 25, 2024IntroReferral10000
Introduced in Senate