3.0.0 3629 2023-01-11T13:23:09Z 2023-01-11T13:23:09Z Senate S S 2012-11-14 112 ssfi00 Finance Committee Senate Standing Referred to 2012-11-14T21:27:35Z 2012-11-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2012-11-14 Introduced in Senate IntroReferral 10000 9 Library of Congress B001265 Sen. Begich, Mark [D-AK] Mark Begich D AK N Energy Alaska Business investment and capital Energy storage, supplies, demand Executive agency funding and structure Government information and archives Income tax credits Income tax deductions Oil and gas Pipelines Energy 00 2012-11-14 Introduced in Senate 2012-11-23T17:11:15Z Alaska Natural Gas Transportation Act of 2012 - Amends the Alaska Natural Gas Pipeline Act to redefine the term "Alaska natural gas transportation project" to include in the natural gas pipeline system carrying Alaska natural gas to a market any pipeline segment that the Federal Energy Regulatory Commission (FERC) finds could feasibly be incorporated into, and serve as an integrated segment of, that system regardless of whether the segment: (1) is proposed and constructed before the construction of the system, or (2) initially transports Alaska natural gas solely for delivery to consumers within Alaska.

Confers upon the Federal Coordinator for Alaska Natural Gas Transportation Projects responsibility for providing federal agencies with comprehensive information about Alaska natural gas transportation projects, including industry developments, market factors, technology, and regulatory issues that could affect such projects.

Amends the Internal Revenue Code, with respect to the accelerated cost recovery system, to redefine the term "Alaska natural gas pipeline" as the natural gas pipeline system: (1) located in the area of Alaska lying north of 64 degrees North latitude, and (2) carrying Alaska natural gas from the area of the United States lying north of 64 degrees North latitude to a market.

Removes from qualified enhanced oil recovery costs, with respect to the qualified enhanced oil recovery tax credit, any amount paid or incurred during the taxable year to construct a gas treatment plant which: (1) is located in the area of the United States lying north of 64 degrees North latitude, (2) prepares Alaska natural gas for transportation through a pipeline with a capacity of at least 2 trillion Btu of natural gas per day, and (3) produces carbon dioxide which is injected into hydrocarbon-bearing geological formations.


]]> Alaska Natural Gas Transportation Act of 2012 Display Title Alaska Natural Gas Transportation Act of 2012 Official Title as Introduced A bill to amend the Alaska Natural Gas Pipeline Act to promote the availability of affordable, clean-burning natural gas to North American markets, and for other purposes. Introduced in Senate IS Short Titles as Introduced Alaska Natural Gas Transportation Act of 2012 Introduced in Senate 2012-11-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3629is/xml/BILLS-112s3629is.xml 2012-11-14 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.