Senate Bill 2304
119th Congress(2025-2026)
Methane Reduction and Economic Growth Act
Introduced
Introduced in Senate on Jul 16, 2025
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2304
Congress
119
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Unavailable
July 16, 2025
Sort by most recent
07/16/2025
Read twice and referred to the Committee on Finance.
07/16/2025
Introduced in Senate
Bill Intelligence
It proposes amending the Internal Revenue Code to provide incentives for capturing and utilizing methane emissions from mining activities.
The bill defines "qualified methane" and "methane capture equipment" for tax credit purposes.
It specifies that the amendments will apply to qualified methane captured after December 31, 2024.
The intention is to encourage methane capture from mining operations to reduce greenhouse gas emissions and promote economic growth.
Bill Intelligence uses AI to analyze bill texts and other data. AI-generated content can contain mistakes, so the content should be reviewed for accuracy. This AI-generated content is not a replacement for reading the bill text.
If you spot anything that needs to be corrected, contact us at support@billsponsor.com or on social media.
Public Record
Record Updated
Nov 19, 2025 12:03:17 PM