,,ii  #aai? ,,congress  #a/ ,session    
,s4 #aahh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #bg1 #bjbe,mr4    
,cruz introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide =      
p]man5t full exp5s+ = prop]ty us$ to    
capture gas t w\ld o!rwise be fl>$ or   
v5t$ & to use su* gas 9 value-add$      
products4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,facilitat+ ,l[]           
,atmosph]ic ,releas$ ,emissions ,act or 
! ,,fl>e ,act4  #b4 ,p]man5t full exp5s+
 ( co/s relat$ to fl>+ & v5t+ mitigation
 sy/ems  7a7 ,9 g5]al ,section #afh7k7 (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by add+ at ! end ! foll[+ new     
p>agraph3  7#aa7 ,p]man5t exp5s+ ( co/s 
relat$ to fl>+ & v5t+ mitigation sy/ems 
7,a7 ,9 g5]al ,9 ! case ( any applicable
 en]gy prop]ty-- 7i7 p>agraph 7#h7 %all 
n apply1 &  7ii7 ! applicable p]c5tage  
%all be #ajj p]c5t4  7,b7 ,applicable   
en]gy prop]ty  7i7 ,9 g5]al ,= purposes 

( ?is p>agraph1 ! t]m applicable en]gy  
prop]ty means any qualifi$ prop]ty 7z   
det]m9$ z if clause 7iii7 ( p>agraph    
7#b77;,a7 did n apply ) respect to su*  
prop]ty7 :i* is a fl>+ & v5t+ mitigation
 sy/em4  7ii7 ,fl>+ & v5t+ mitigation   
sy/em ,= purposes ( ?is subp>agraph1 !  
t]m fl>+ & v5t+ mitigation sy/em means a
 sy/em :i*-- 7,i7 intakes natural gas1 &
  7,,ii7 sep>ates1 collects1 utilizes1  
or combu/s me?ane & heavi] hydroc>bons  
by-- 7aa7 compress+ or liquefy+ gas =   
use z fuel or transport to a process+   
facility1  7bb7 production (            
petro*emicals or f]tiliz]1  7cc7        
conv]sion to liquid fuels1  7dd7        
conv]sion to electricity =              
electricity-driv5 activities or supply  
to ! electrical grid1  7ee7 conv]sion to
 computational p[]1  7ff7 m9+ = digital 
assets1 or  7gg7 p[]+ o!r oilfield      
equipm5t4  7,c7 ,=eign entity ( conc]n  
7i7 ,9 g5]al ,?is p>agraph %all n apply 
to any prop]ty plac$ 9 s]vice by any    
=eign entity ( conc]n4  7ii7 ,def9ition 

,9 ?is p>agraph1 ! t]m =eign entity (   
conc]n has ! mean+ giv5 t t]m 9 section 
#ajfab7;a7 ( ! ,rese>* & ,developm5t1   
,competition1 & ,innovation ,act 7#db   
,u4,s4,c4 #aibba7;a774  4  7b7 ,con=m+  
am5dm5t ,section #afh7k77#f77;,a7 ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ or p>agraph 7#aa7 aft] ?is    
p>agraph4  7c7 ,effective date ,!       
am5dm5ts made by ?is section %all apply 
to prop]ty plac$ 9 s]vice aft] ,decemb] 
#ca1 #bjbe4