H.R.1881

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 create 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 production or injected into a pipeline, and it must be measured and verified at the source. The amendments apply to methane captured after December 31, 2024.