S 1188 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
To amend the Internal Revenue Code of 1986 to provide for permanent full expensing for property used to capture gas that would otherwise be flared or vented and to use such gas in value-added products.
Summary
The bill provides a permanent tax deduction (100 percent expensing) for companies that invest in equipment to capture natural gas that would otherwise be flared or vented at oil and gas operations. The captured gas can be used directly as fuel, converted into other products like petrochemicals, fertilizer, liquid fuels, or electricity, or used for mining digital assets. The tax benefit applies to systems that separate, collect, and utilize methane and heavier hydrocarbons, but excludes equipment owned by foreign entities of concern. The tax deduction would apply to equipment placed in service starting January 1, 2026.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Cruz, Ted [R-TX] (R-TX)
Money behind the sponsor
Top reported contributors to Ted Cruz’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $4,424,745
- ENTREPRENEUR $458,096
- RDV CORPORATION $39,600
- AMERICAN AIRLINES $29,632
- BLACKSTONE $27,400
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Ted Cruz → · Outside spending →
Actions (2)
- Mar 27, 2025 Read twice and referred to the Committee on Finance. · senate
- Mar 27, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
March 27, 2025
Mr. Cruz introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to provide for permanent full expensing for property used to capture gas that would otherwise be flared or vented and to use such gas in value-added products.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Facilitating Lower Atmospheric Released Emissions Act” or the “FLARE Act”.
SEC. 2. PERMANENT FULL EXPENSING OF COSTS RELATED TO FLARING AND VENTING MITIGATION SYSTEMS.
(a) In General.—Section 168(k) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
“(11) Permanent expensing of costs related to flaring and venting mitigation systems.—
“(A) In general.—In the case of any applicable energy property—
“(i) paragraph (8) shall not apply, and
“(ii) the applicable percentage shall be 100 percent.
“(B) Applicable energy property.—
“(i) In general.—For purposes of this paragraph, the term ‘applicable energy property’ means any qualified property (as determined as if clause (iii) of paragraph
(2)(A) did not apply with respect to such property) which is a flaring and venting mitigation system.
“(ii) Flaring and venting mitigation system.—For purposes of this subparagraph, the term ‘flaring and venting mitigation system’ means a system which—
“(I) intakes natural gas, and
“(II) separates, collects, utilizes, or combusts methane and heavier hydrocarbons by— “(aa) compressing or liquefying gas for use as fuel or transport to a processing facility, “(bb) production of petrochemicals or fertilizer,
“(cc) conversion to liquid fuels,
“(dd) conversion to electricity for electricity- driven activities or supply to the electrical grid, “(ee) conversion to computational power, “(ff) mining for digital assets, or “(gg) powering other oilfield equipment.
“(C) Foreign entity of concern.—
“(i) In general.—This paragraph shall not apply to any property placed in service by any foreign entity of concern.
“(ii) Definition.—In this paragraph, the term ‘foreign entity of concern’ has the meaning given that term in section 10612(a) of the Research and Development, Competition, and Innovation Act (42 U.S.C. 19221(a)).”.
(b) Conforming Amendment.—Section 168(k)(6)(A) of the Internal Revenue Code of 1986 is amended by inserting “or paragraph (11)” after “this paragraph”.
(c) Effective Date.—The amendments made by this section shall apply to property placed in service after December 31, 2025. <all>
Comments