US SB988 | 2017-2018 | 115th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on April 27 2017 - 25% progression, died in committee
Action: 2017-04-27 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Agriculture Environmental Stewardship Act of 2017 This bill amends the Internal Revenue Code to allow energy tax credits through 2021 for investments in: (1) qualified biogas property, or (2) qualified manure resource recovery property. The bill also permits new clean renewable energy bonds to be used for such properties. "Qualified biogas property" comprises a system that: (1) uses anaerobic digesters or other specified processes to convert biomass into a gas which is at least 52% methane, and (2) captures the gas for use as a fuel. The term includes property that cleans and conditions the gas for use as a fuel. "Qualified manure resource recovery property" comprises a system that uses specified processes to recover the nutrients nitrogen and phosphorus from a non-treated digestate or animal manure by reducing or separating at least 50% of the nutrients, excluding any reductions during the incineration, storage, composting, or field application of the non-treated digestate or animal manure. The term also includes certain processing equipment. The Department of the Treasury must enter into an agreement with the National Renewable Energy Laboratory for a study of biogas and report to Congress on the study.

Tracking Information

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Title

Agriculture Environmental Stewardship Act of 2017

Sponsors


History

DateChamberAction
2017-04-27SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2853 (Same As) 2018-05-22 - Referred to the Subcommittee on Energy.

Subjects


US Congress State Sources


Bill Comments

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