Methane Reduction and Economic Growth Act

The Methane Reduction and Economic Growth Act would amend the Internal Revenue Code to create a new tax credit for capturing methane from mining activities, including underground, abandoned, closed, and surface mines. It would allow taxpayers to claim a credit per metric ton of CO2e of qualified methane captured and used for energy purposes—such as injection into compliant pipelines or for industrial heat—provided the methane is captured using qualifying equipment and meets strict usage and monitoring standards. The credit applies to facilities that begin construction before January 1, 2036 and capture at least 2,500 metric tons of CO2e methane annually, with the provisions effective for…

No official summary is available here. This one was written by AI from the bill’s text.