Methane Reduction and Economic Growth Act
- Introduced Sep 25
- Committee Sep 25
- Passed Senate Next
- Passed House Not yet
- To President Not yet
- Law Not yet
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Summary
Methane Reduction and Economic Growth Act
Full summary1 paragraphs
This bill establishes a new tax credit for qualified methane mine capture. The bill defines qualified methane as any methane that is captured from mining activities by methane capture equipment, would otherwise be released into the atmosphere as an industrial emission of greenhouse gas or lead to such release, and is measured at the source of capture and verified at the point of injection or utilization.
Library of Congress summary, Sep 25, 2024
- Introduced in SenateSep 25, 2024
Actions
- SenateIntroduced in SenateSep 25, 2024
- SenateRead twice and referred to the Committee on Finance.Sep 25, 2024
Bill record
Text versions1
- Introduced in SenateSep 25, 2024PDF: Introduced in Senate
Committees1
- Senate Finance CommitteeReferred To Sep 25, 2024
Sponsor and cosponsors1 cosponsor
- Sen. Mark Warner (D-VA)Sponsor, Sep 25, 2024
- Shelley Capito (R-WV)OriginalJoined Sep 25, 2024
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles2
- Methane Reduction and Economic Growth ActShort Title(s) as Introduced
- A bill to amend section 45Q of the Internal Revenue Code of 1986 to establish the mine methane capture incentive credit.Official Title as Introduced
Subjects1
Related bills0
No related bills listed
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.