Capitalizing on American Methane Act of 2017
Official title: A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for facilities using a qualified methane conversion technology to provide transportation fuels and chemicals.
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Read twice and referred to the Committee on Finance.
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.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 230: Capitalizing on American Methane Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-S-230/
"S. 230: Capitalizing on American Methane Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-230/.
S. 230, 115th Cong. (2026), https://openamerica.io/bill/115-S-230/.
[S. 230: Capitalizing on American Methane Act of 2017](https://openamerica.io/bill/115-S-230/)