Energy (Oil & Gas)

Bill H 4376 is a House Resolution expressing support for the Williams Transco Southeast Supply Enhancement Project. It does not enact new legislation but rather formally states the South Carolina House of Representatives' approval of this project, which aims to increase natural gas access and energy capacity in the state.

S. 556 creates a 25% tax credit for businesses investing in equipment to produce renewable natural gas (RNG) from landfill gas. The credit covers costs for purchasing, installing, and preparing equipment for commercial use (like processing and transporting RNG), with a maximum annual limit of $5 million or 25% of qualifying costs, whichever is lower. Businesses must get certification from the State Energy Office for equipment placed in service after 2025, and unused credits can be carried forward for up to 15 years. The tax credit applies to income tax or license fees for tax years 2026 through 2031.