WASHINGTON – Today, U.S. Sens. Mark R. Warner and Richard Burr (R-NC) introduced the Renewable Natural Gas Incentive Act, bipartisan legislation to provide a tax credit for heavy-duty vehicles that use renewable natural gas, further supporting clean and efficient and transportation across the country.
“Renewable natural gas is a clean, affordable, and reliable fuel source that can help lower emissions from heavy-duty vehicles,” said Senator Warner. “I am proud to introduce legislation to incentivize investment in clean vehicles that will have a positive impact on our environment while significantly aiding in the transition to a clean energy economy.”
“Renewable natural gas offers an affordable, reliable, and sustainable transportation fuel for industries across America,” said Senator Burr. “This bill provides a tax credit to keep our country’s trucks and buses moving, lowering the cost of doing business while improving air quality, decreasing our reliance on foreign energy, and creating high-paying jobs. I am proud to work with Senator Warner on this commonsense bill that will support American energy independence for years to come.”
Previously, renewable natural gas received a lower tax credit than similar transportation fuels, despite its ultra-low emissions and ability to deliver economic growth as a scalable alternative energy source. The Renewable Natural Gas Incentive Act would create a $1.00 per gallon tax credit for sellers of renewable natural gas used for transportation.
Full text of the bill can be found here.
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