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Dima 🎩🐹
@chevapchevapovic
United States Senator Ted Cruz has introduced a new bill that offers tax incentives for cryptocurrency miners using flared natural gas to power mining operations. In an April 1 announcement, Cruz unveiled the Facilitating Lower Atmospheric Released Emissions Act, which he believes will make Texas the “number one place for Bitcoin mining.” The FLARE Act proposes a change to the U.S. tax code that would allow companies to permanently deduct the full cost of systems designed to capture and repurpose natural gas that would otherwise be flared or vented. These systems, called flaring and venting mitigation systems, would qualify for 100% expensing starting in 2026.
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Vera🎩
@vera17
It's interesting. Thank you for the information 👍🫶
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