What is the official ID of this bill?
The official print number for this legislation is S 2461.
Tax Credits for Biogas and Manure Nutrient Recovery Systems.
This act introduces new tax credits for farmers and businesses investing in technologies that convert organic waste, like manure, into energy (biogas) or recover valuable nutrients from it. The goal is to support environmentally friendly agricultural practices, reduce pollution, and create new energy sources, potentially lowering taxpayer costs and improving environmental quality.
Key points
New 30% tax credits for investments in systems producing biogas from biomass, such as manure.
Tax credits for systems recovering nitrogen and phosphorus from manure, reducing water pollution.
Support for technologies that transform agricultural waste into fuel, fertilizers, and other useful products.
A study on the development and utilization of biogas and recovered nutrients in agriculture.
Status:
Expired
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