Capitalizing on American Methane Act of 2017

HB 1655 Capitalizing on American Methane Act of 2017

US Congress 115th Congress

Capitalizing on American Methane Act of 2017
HB-1655


About HB-1655

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.

  

Bill Texts

Introduced 03/24/2017

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History

Introduced In House

03/21/2017

Referred To The House Committee On Ways And Means.

03/21/2017