S 1188 · 119th Congress

FLARE Act

The FLARE Act makes it easier for oil and gas companies to invest in equipment that captures natural gas that would otherwise be burned off (flared) or released (vented) into the atmosphere. Right now, companies have to depreciate these equipment costs over several years for tax purposes. This bill allows companies…

Sponsor

Cruz, Ted (R-Texas)

Introduced

2025-03-27

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.