The bill would create a $1 tax credit for each gallon, or gasoline-gallon equivalent, of qualifying renewable natural gas sold or used as fuel in motor vehicles, motorboats, or aviation. The gas must come from biomass and meet registration and certification rules. Blended gas may qualify if contract and certification requirements are met. The credit would end after December 31, 2035.
Eligible producers, sellers, or business users could claim the credit or receive a payment for qualifying fuel. The bill does not describe a direct benefit for households or specify how the credit might affect fuel prices.
No publicly available information.
The bill states that it aims to increase renewable natural gas use, reduce greenhouse gas and other transportation-related emissions, improve air quality, and support job creation and economic opportunity.
No publicly available information.