HR 3424
113th Congress
House
Taxation
Advanced technology and technological innovations
Alternative and renewable resources
Climate change and greenhouse gases
Coal
Income tax credits
Motor fuels
Oil and gas
Converting Methane Into Petroleum Act of 2013
Introduced: October 30, 2013
Introduced by:
Larson, John B.
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 30, 2013
Referred to the House Committee on Ways and Means.
Oct 30, 2013
Introduced in House
Plain-English summary
Converting Methane Into Petroleum Act of 2013 - Amends the Internal Revenue Code to: (1) include in the tax credit for investment in a qualifying gasification project any qualified methane conversion technology, and (2) allow an alternative fuel excise tax credit for liquid fuel produced through qualified methane conversion technology at a facility the construction of which begins before October 1, 2024. Defines "qualified methane conversion technology" as a process for the molecular conversion of methane into hydrocarbons and the use of such hydrocarbons to replace or reduce the quantity of petroleum present in motor vehicle fuel and for the production of chemicals.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1