Renewable Natural Gas Incentive Act of 2024

This bill creates a $1.00 per gallon tax credit for renewable natural gas (RNG) used as fuel in vehicles, boats, or aviation. It directly affects businesses producing or selling RNG derived from biomass, requiring producers to be registered and provide specific certifications for the fuel. Key provisions include rules for blended RNG (requiring contracts and producer certifications), limits on blended fuel eligibility, and a requirement that RNG must be produced in the U.S. for U.S. use. The credit expires after December 31, 2033, and applies to fuel sold or used in calendar quarters starting after the bill's enactment.