HR 1655 115th Congress House Taxation Advanced technology and technological innovations Air quality Alternative and renewable resources Climate change and greenhouse gases Coal Income tax credits Motor fuels Oil and gas

Capitalizing on American Methane Act of 2017

Introduced: March 21, 2017 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 21, 2017

Referred to the House Committee on Ways and Means.

Mar 21, 2017

Introduced in House

Plain-English summary Congressional Research Service

Capitalizing on American Methane Act of 2017

This bill 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, 2027. The bill 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 March 21, 2017

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1