- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Mar 27, 2025
What it does
The FLARE Act would amend the Internal Revenue Code to allow permanent full expensing (100% immediate deduction) for investments in systems that capture and utilize natural gas that would otherwise be flared or vented, such as equipment that compresses, liquefies, converts to fuel or electricity, or uses the gas for industrial or digital asset purposes. This tax benefit would apply to property placed in service after December 31, 2025, but would not be available to systems installed by foreign entities of concern as defined in federal law. The bill aims to incentivize reducing methane emissions from oil and gas operations by making mitigation technology more financially attractive through…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.