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Renewable Natural Gas Tax Credit: Cleaner Fuel, New Jobs

This act introduces a tax credit of $1.00 per gallon for renewable natural gas used as fuel. This aims to encourage the use of cleaner energy sources in transportation, potentially improving air quality and creating new jobs. The benefits of this credit will be available until the end of 2032.
Key points
New tax credit of $1.00 per gallon for renewable natural gas used as fuel in vehicles and aircraft.
Aims to reduce transportation-related emissions and support green economic growth.
Credit applies to gas produced in the U.S. and is available until December 31, 2032.
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Additional Information
Print number: 117_HR_9396
Sponsor: Rep. Sánchez, Linda T. [D-CA-38]
Process start date: 2022-12-01