July 29, 2019
By:
Walter G. Wright
Category:
Arkansas Environmental, Energy, and Water Law
Arkansas Environmental, Energy, and Water Law
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H.R. 3744 has been introduced into the United States House of Representatives which would:
. . . amend the Internal Revenue code of 1986 to make qualified biogas property and qualified manure resource recovery property eligible for the energy credit and to permit renewable energy bonds to finance qualified biogas property . . .
H. R. 3744 is denominated the “Agriculture Environmental Stewardship Act of 2019.”
The bill was introduced by Congressman Ron Kind (Wisconsin) and Tom Reed (New York).
The American Gas Council states in reference to the bill’s introduction that the:
. . . bill will increase agricultural viability by helping to deploy new nutrient recovery and biogas systems that recycle organic material into baseload renewable energy and healthy soil products. The Act provides a 30 percent investment tax credit (ITC) for qualifying biogas and nutrient recovery systems.
Biogas systems are described as processes that use anaerobic digestion to recycle organic waste, turning it into biogas, for energy, and valuable soil products, using a natural, biological process. Biogas can be generated after processing into a renewable substitute for natural gas and the liquids and solids utilized as soil products such as:
- Peat moss
- Pellets
- Finished compost
A copy of H.R. 3744 can be found here.
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