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S 230 115th Congress Senate 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: January 24, 2017 Introduced by: Cassidy, Bill Republican · Louisiana See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 24, 2017
Read twice and referred to the Committee on Finance.
Jan 24, 2017
Introduced in Senate
 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 January 24, 2017

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1