WASHINGTON D.C. – U.S. Rep. Ron Kind has introduced the bipartisan Agricultural Environmental Stewardship Act, to provide tax incentives for farmers and rural electric cooperatives to invest in biogas technology.
“Wisconsin’s agriculture industry is responsible for $88.3 billion in economic activity and 413,500 jobs, which is why it is important to find ways to help farmers reduce their costs and continue to grow. One commonsense step is to provide tax incentives for farmers to reduce their energy costs and waste by pursuing biogas technology,” said Congressman Kind.
The Agricultural Environmental Stewardship Act promotes investment by allowing biogas technology to qualify for an energy tax credit that is on-par with the 30% tax credit for solar energy.
The legislation is geared toward properties that use anaerobic digesters or other biological, chemical, thermal, or mechanical processes to make biogas that is at least 52% methane as well as nutrient recovery systems which make digesters run more efficiently and reduce harmful waste runoff.