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Tax Breaks for Companies Reducing Gas Emissions

This act introduces permanent tax breaks for companies investing in technologies that reduce the flaring and venting of natural gas into the atmosphere. The goal is to encourage businesses to use gas more environmentally friendly, potentially leading to improved air quality and reduced environmental impact. Citizens may experience indirect benefits related to a cleaner environment.
Key points
Companies can deduct 100% of the costs for systems that reduce gas flaring and venting.
The tax break applies to systems that convert gas into fuel, electricity, chemicals, or use it for other industrial purposes.
The provisions apply to investments placed in service after December 31, 2025.
The tax break does not apply to investments made by foreign entities of concern.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1188
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2025-03-27
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

FLARE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1188.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-03-27.

What are the main provisions?

Key points include:

  • Companies can deduct 100% of the costs for systems that reduce gas flaring and venting.
  • The tax break applies to systems that convert gas into fuel, electricity, chemicals, or use it for other industrial purposes.
  • The provisions apply to investments placed in service after December 31, 2025.
  • The tax break does not apply to investments made by foreign entities of concern.
What is the specific legal status?

The current status is Introduced.

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. Cruz, Ted [R-TX].

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 2025-12-23.

CATEGORIES

Taxes Environment Economy