Capitalizing on American Methane Act of 2017

Summary

Capitalizing on American Methane Act of 201 7 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.

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Timeline

1. 24 January 2017

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 24 January 2017

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 24 January 2017 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 January 2017

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 January 2017

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 24 January 2017

  Open at official source

Sponsors

• Bill Cassidy · R · Sponsor
• Sen. Casey, Robert P., Jr. [D-PA] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to ← Capitalizing on American Methane Act of 2017