Renewable Natural Gas Tax Credit: Cleaner Fuel and Job Growth
This act introduces a $1.00 per gallon tax credit for businesses selling or using renewable natural gas as fuel. The goal is to encourage the use of cleaner energy sources in transportation, potentially improving air quality and creating new jobs. These changes could impact fuel availability and pricing, as well as local economic development.
Key points
Businesses selling or using renewable natural gas as fuel will receive a $1.00 per gallon tax credit.
The aim is to reduce air pollution and greenhouse gas emissions by promoting cleaner fuels.
The act seeks to support new job creation and economic opportunities in the renewable energy sector.
The credit applies to gas produced in the U.S. and will be in effect until the end of 2032.
Status:
Expired
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