Establishes a mine methane capture incentive credit under the Internal Revenue Code.

The Methane Reduction and Economic Growth Act amends the Internal Revenue Code to establish a mine methane capture incentive credit. This credit applies to methane captured from mining activities, including underground, abandoned, or surface mines, using methane capture equipment. The captured methane must be used for energy generation, heat production, or other purposes without releasing methane into the atmosphere. The credit applies to methane captured after December 31, 2024.

Establishes a mine methane capture incentive credit under the Internal Revenue Code.

The Methane Reduction and Economic Growth Act amends the Internal Revenue Code to establish a mine methane capture incentive credit. This credit applies to methane captured from mining activities, including underground, abandoned, or surface mines, using methane capture equipment. The captured methane must be used for energy generation, heat production, or other purposes without releasing methane into the atmosphere. The credit applies to methane captured after December 31, 2024.