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Natural Gas Tax Repeal: Potential Savings for Citizens

This act eliminates the tax on methane emissions from oil and natural gas systems, potentially leading to lower energy costs. Citizens might see reduced natural gas bills as companies are no longer subject to this tax. Additionally, any unspent funds from this program will be rescinded.
Key points
Natural Gas Tax Eliminated: Companies will no longer pay a tax on methane emissions, which could result in lower gas prices for consumers.
Unspent Funds Withdrawn: Any funds allocated for the methane emission reduction program that have not yet been used will be returned.
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Status: Introduced
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Additional Information
Print number: 119_S_143
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2025-01-16