Bill117th CongressFiled Dec 7, 2021Taxation
H.R. 6146
Stranded Gas Recovery and Utilization Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Dec 7, 2021)
Stranded Gas Recovery and Utilization Act of 2021
This bill allows a tax credit for investment in stranded gas infrastructure equal to 30% of the basis of any qualified infrastructure placed in service during a taxable year beginning after December 31, 2021, and before January 1, 2028. The term qualified infrastructure means a gas pipeline, a gas compressor station, a container used for gas storage, or equipment to store gas underground.
What just happenedDec 7, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Burgess, Michael C. [R-TX-26](R-TX)Sponsor
1committees3actions
- Introduced in HouseDec 7, 2021
- Dec 7, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Dec 7, 2021IntroReferralIntro-H
Introduced in House
- Dec 7, 2021IntroReferral1000
Introduced in House