Today, Senators Richard Burr (R-NC) and Mark Warner (D-VA) 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 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.”
“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.”
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.