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Renewable Natural Gas Tax Credit: Incentives for Cleaner Transportation Fuel.

This Act introduces a new tax credit of $1.00 per gallon for businesses that sell or use Renewable Natural Gas (RNG) as fuel in motor vehicles, boats, or aviation. The goal is to encourage the use of cleaner fuels, potentially reducing air pollution in communities and supporting job creation in the biomass sector. This credit is set to expire at the end of 2033, affecting the operational costs of transportation companies and the availability of eco-friendly fuels.
Key points
New Tax Credit: Businesses receive a $1.00 per gallon credit for Renewable Natural Gas (RNG) used as transportation fuel.
Environmental Benefits: The Act aims to reduce greenhouse gas emissions and improve air quality by promoting biomass-derived fuels.
Industry Support: The credit applies to RNG produced and used within the United States, stimulating domestic biofuel production.
Expiration Date: The tax credit program is scheduled to terminate after December 31, 2033.
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Additional Information
Print number: 118_S_4389
Sponsor: Sen. Tillis, Thomas [R-NC]
Process start date: 2024-05-22
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Renewable Natural Gas Incentive Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4389.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-05-22.

What are the main provisions?

Key points include:

  • New Tax Credit: Businesses receive a $1.00 per gallon credit for Renewable Natural Gas (RNG) used as transportation fuel.
  • Environmental Benefits: The Act aims to reduce greenhouse gas emissions and improve air quality by promoting biomass-derived fuels.
  • Industry Support: The credit applies to RNG produced and used within the United States, stimulating domestic biofuel production.
  • Expiration Date: The tax credit program is scheduled to terminate after December 31, 2033.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Tillis, Thomas [R-NC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Environment Transport