U.S. Senator Sherrod Brown get Treasury to revise tax rules for biogas conversion to RNG

In Washington, U.S. Senator Sherrod Brown’s (D-OH) push, the U.S. Department of Treasury agreed to revise its proposed rules for implementing the revised Section 48 Investment Tax Credit (ITC) of the Inflation Reduction Act to ensure the final language promotes the conversion of biogas into renewable natural gas to support American manufacturing innovation, the waste management industry, and American farmers.  Brown is continuing to push the Treasury Department to make sure the rules recognize the complexity in ownership structures for the emerging renewable natural gas industry and allows for growth by removing the factional ownership requirement.