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BILL INTRODUCED TO CREATE BIOGAS INVESTMENT TAX CREDIT

Monday, March 11, 2013 - 7:00AM

Reps. Ron Kind, D-Wis., and John Lewis, D-Ga., on Feb. 27 introduced a bill to make qualifying biogas technologies eligible for the investment tax credit (ITC) and new clean renewable energy bonds. The Biogas Investment Tax Credit Act of 2013 (H.R. 860) provides a 30 percent tax credit for biogas projects that uses anaerobic digesters or other biological, chemical, thermal or mechanical processes  to convert biomass into a gas which consists of not less than 52 percent methane and captures such gas for use as a fuel. The ITC would be available for taxable years beginning after Dec. 31, 2012. The bill was referred to the House Ways and Means Committee and Science, Space and Technology energy subcommittee.

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