US Congress House Bill 1655 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 8-2)
Status: Introduced on March 21 2017 - 25% progression, died in committee
Action: 2017-03-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means 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

Rep. Patrick Meehan [R-PA]	Rep. Glenn Thompson [R-PA]	Rep. Brian Babin [R-TX]	Rep. John Larson [D-CT]
Rep. Tom Reed [R-NY]	Rep. Earl Blumenauer [D-OR]	Rep. Tom Cole [R-OK]	Rep. Pete Sessions [R-TX]
Rep. John Katko [R-NY]	Rep. John Culberson [R-TX]

Date	Chamber	Action
2017-03-21	House	Referred to the House Committee on Ways and Means.
2017-03-21	House	Introduced in House

SB230 (Same As) 2017-01-24 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/1655/all-info
Text	https://www.congress.gov/115/bills/hr1655/BILLS-115hr1655ih.pdf