Ad Astra Radio Family Brands

U.S. Treasury adjustments to proposed rule benefit biogas

SHARE NOW

The U.S. Department of Treasury has agreed to revise a proposed rule to help benefit the production of biogas.

Earlier this month, Congresswoman Nikki Budzinski of Illinois and Senator Sherrod Brown of Ohio sent a letter urging the department to revise its rule that excludes Inflation Reduction Act tax credits from being used to support the conversion of biogas into renewable natural gas.  Budzinski says the measure paid off…

“Some very positive news back from the letter saying that they were going to make basically one important correction to the proposed rule,” she says, “which would include gas upgrading equipment to the list of biogas property that’s eligible for the biogas tax credit.”

She says the potential of biogas production is garnering interest in her district…

“They’re very excited about all of these newer renewable energy sources, whether that’s in, you know, biofuels, biogas, organically repurposing things that are already happening on a family farm and monetizing them,” she says.

U.S. Treasury adjustments to proposed rule benefit biogas