US Congress Senate Bill 230 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 24 2017 - 25% progression, died in committee
Action: 2017-01-24 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

Capitalizing on American Methane Act of 2017

Sen. Bill Cassidy [R-LA]

Sen. Robert Casey [D-PA]

Date	Chamber	Action
2017-01-24	Senate	Read twice and referred to the Committee on Finance.

HB1655 (Same As) 2017-03-21 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/230/all-info
Text	https://www.congress.gov/115/bills/s230/BILLS-115s230is.pdf