Repeal of Natural Gas Tax and Methane Emissions Reduction Program.
This bill aims to completely repeal the federal natural gas tax, which was tied to the methane emissions reduction program. This means companies extracting and processing natural gas will no longer face this fee. The consequence is potentially lower operating costs for these companies, which might affect energy prices for consumers, but it simultaneously eliminates a federal incentive program for limiting methane emissions.
Key points
The natural gas tax (methane emissions fee) is completely repealed, potentially impacting energy costs.
Section 136 of the Clean Air Act, which established the methane emissions reduction incentive program, is eliminated.
Unspent funds allocated for the methane emissions reduction program are rescinded (canceled).
Status:
Introduced
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