Search Results: keywords:"tax incentive"

  • S. 5167 — To amend section 45Q of the Internal Revenue Code of 1986 to establish the mine methane capture incentive credit.
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    Status:Introduced in Senate
    Words:754

    S. 5167, introduced by Senator Warner and Senator Capito, proposes to amend section 45Q of the Internal Revenue Code. The bill aims to offer a tax incentive for capturing methane from mining operations, with a focus on reducing greenhouse gas emissions. It defines "qualified...

    Simple Explanation

    The bill wants to give a special money bonus to people who stop stinky methane gas from coming out of mines and into the air. It hopes this will help keep the Earth’s air cleaner by encouraging companies to catch and keep the gas instead of letting it go free.

  • H. R. 8095 — To amend the Internal Revenue Code of 1986 to extend the energy credit with respect to electrochromic glass.
    Status:Introduced in House
    Words:349

    H.R. 8095 is a bill that seeks to amend the Internal Revenue Code of 1986 to extend the energy credit for electrochromic glass. Electrochromic glass is a type of glass that can change its light transmission properties using electricity, helping to heat or cool a building....

    Simple Explanation

    H.R. 8095 makes it so people can save money on taxes when they put special glass in buildings that can change how much light and heat goes through it. This helps buildings use less energy, and people can get the savings if they start building with this glass by the end of 2032.