HR 2142 114th 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

Capitalizing on American Methane Act of 2015

Introduced: April 30, 2015 Introduced by: Thompson, Glenn Republican · Pennsylvania See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 30, 2015

Referred to the House Committee on Ways and Means.

Apr 30, 2015

Introduced in House

Plain-English summary Congressional Research Service

Capitalizing on American Methane Act of 2015

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, 2025. Defines "qualified methane conversion technology" as a process for the molecular conversion of a fuel consisting principally 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 April 30, 2015

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1