S.2304

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 equipment must connect to a pipeline system or gathering system that feeds a pipeline. The credit applies to methane captured after December 31, 2024, and is measured at the source of capture and verified at the point of injection or utilization.