Methane Reduction and Economic Growth Act

“(10) Methane capture

“(A) In general—In the case of qualified methane—

“(i) subsection (a)(4) shall be applied as if it read as follows:

“(ii) for purposes of subsection (d), the term “qualified facility” means any mining facility—

“(I) the construction of which begins before January 1, 2033,

“(II) for which construction of methane capture equipment begins before such date, and

“(III) which captures not less than 2,500 metric tons of methane during the taxable year, and

“(iii) for purposes of subsections (b)(2), (f)(1), (f)(4), (h), and (i), such subsections shall be applied—

“(I) by substituting “methane capture” for “carbon capture” each place such term appears, and

“(II) by substituting “qualified methane” for “qualified carbon oxide” each place such term appears.

“(B) Qualified methane defined—For purposes of this paragraph, the term qualified methane means any methane which—

“(i) is captured from mining activities (including underground mines, abandoned or closed mines, or surface mines) by methane capture equipment,

“(ii) would otherwise be released into the atmosphere as an industrial emission of greenhouse gas or lead to such release, and

“(iii) is measured at the source of capture and verified at the point of injection or utilization.”