The "Facilitating Lower Atmospheric Released Emissions Act," or FLARE Act, proposes to amend the Internal Revenue Code of 1986 to establish a permanent tax incentive for investments in systems that mitigate natural gas flaring and venting. Specifically, it introduces 100% expensing for "applicable energy property," allowing businesses to immediately deduct the full cost of qualifying equipment. This "flaring and venting mitigation system" is defined as any system that captures natural gas and processes methane and heavier hydrocarbons for beneficial uses. These uses include compressing or liquefying gas for fuel, producing petrochemicals, converting to liquid fuels or electricity, generating computational power, or mining digital assets. The bill aims to reduce atmospheric emissions by encouraging the utilization of gas that would otherwise be wasted, with the provision applying to property placed in service after December 31, 2025, and excluding foreign entities of concern.