3.0.0 230 2023-01-11T13:35:20Z 2023-01-11T13:35:20Z Senate S 2017-01-24 115 ssfi00 Finance Committee Senate Standing Referred to 2017-01-24T23:51:50Z Capitalizing on American Methane Act of 2017 115 1655 HR 2017-03-21 Referred to the House Committee on Ways and Means. Identical bill CRS 2017-01-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-01-24 Introduced in Senate IntroReferral 10000 9 Library of Congress C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA N C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2017-01-30 False 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 Taxation 00 2017-01-24 Introduced in Senate 2017-02-09T14:09:20Z 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 Display Title Capitalizing on American Methane Act of 2017 Official Title as Introduced 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. Introduced in Senate IS Short Titles as Introduced Capitalizing on American Methane Act of 2017 Introduced in Senate 2017-01-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s230is/xml/BILLS-115s230is.xml 2017-01-24 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.