Sens. Richard Burr, R-N.C., and Mark Warner, D-Va., on July 20 launched the Renewable Pure Gasoline Incentive Act. The laws goals to create a $1 per gallon tax credit score for sellers of renewable pure fuel (RNG) used for transportation.

“Renewable pure fuel gives an inexpensive, dependable, and sustainable transportation gas for industries throughout America,” Burr mentioned. “This invoice offers a tax credit score to maintain our nation’s vehicles and buses transferring, decreasing the price of doing enterprise whereas bettering air high quality, reducing our reliance on international power, and creating high-paying jobs. I’m proud to work with Senator Warner on this commonsense invoice that can assist American power independence for years to return.”

“Renewable pure fuel is a clear, inexpensive, and dependable gas supply that may assist decrease emissions from heavy-duty automobiles,” Warner mentioned. “I’m proud to introduce laws to incentivize funding in clear automobiles that can have a optimistic influence on the environment whereas considerably aiding within the transition to a clear power economic system.”

The textual content of the laws explains that the $1 credit score could be out there for every gallon of RNG or gasoline gallon equal of non-liquid RNG offered by the taxpayer to be used as a gas in a motorized vehicle or motorboat, offered by the taxpayer to be used as a gas in aviation, or so utilized by the taxpayer. The tax credit score could be in place via the top of 2032.

Following its introduction, the invoice, S.B. 4568, was referred to the Senate Committee on Finance. The laws at the moment has no different cosponsors.

Clear Vitality Fuels Corp. has spoken out in assist of the laws. “Renewable pure fuel is gaining momentum as a transportation gas as a result of it tackles the difficulty of local weather change instantly and affordably. Massive fleets like UPS, Amazon, Waste Administration and the transit businesses in New York Metropolis and LA are working tens of 1000’s of automobiles each day with it,” mentioned Andrew J. Littlefair, CEO and president of Clear Vitality. “However extra must be accomplished to encourage the usage of this extremely clear gas and this laws launched by Senators Warner and Burr does that.

“As a result of RNG captures dangerous greenhouse gases on the supply – like dairies and different agriculture amenities – and on the car, it’s rated the cleanest gas on the planet, many occasions cleaner than electrical automobiles,” he added. “The tax credit score in S.B. 4568 ought to give the transportation business a turbo cost to make the change to RNG, whereas including a lot wanted assist for the nation’s dairy farmers.

“The bipartisan method to this laws demonstrates the win-win-win nature of RNG – addressing local weather change, offering an inexpensive various gas for U.S. fleets, and serving to our farmers,” Littlefair continued. “We applaud Senators Warner and Burr and encourage fast adoption.”

A full copy of S.B. 4568 could be downloaded from Burr’s web site.