Tax Credits for Methane Capture from Mines
This new law introduces tax credits for companies that capture methane from mines and use it for energy production. The goal is to reduce harmful methane emissions into the atmosphere, potentially improving air quality and the environment. For citizens, this means supporting environmentally friendly technologies and potentially cleaner air.
Key points
Companies can receive tax credits for capturing methane from mines (underground, abandoned, or surface mines).
Captured methane must be used for energy production or injected into pipelines, minimizing its release into the atmosphere.
Credits apply to methane captured after December 31, 2024, from facilities whose construction began before January 1, 2036.
Status:
Introduced
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.