FLARE Act
Mar 27, 2025
Very pro-crypto
This bill, known as the FLARE Act, amends the Internal Revenue Code of 1986 to allow for permanent full expensing of property used in flaring and venting mitigation systems. These systems capture natural gas that would otherwise be wasted and convert it into value-added products. Notably, the bill explicitly includes 'mining for digital assets' as one of the specified value-added activities that qualifies for this tax incentive.
Current Status
This bill is currently in the legislative process and has not yet been passed into law.Analysis
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Sponsor
A
Ted Cruz(R) Senator
Cosponsors (0)No cosponsors
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