Converting Methane Into Petroleum Act of 2013
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 30, 2013)
Converting Methane Into Petroleum Act of 2013 - 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, 2024. Defines "qualified methane conversion technology" as a process for the molecular conversion 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.
What just happenedOct 30, 2013
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseOct 30, 2013
- Oct 30, 2013IntroReferralH11100
Referred to the House Committee on Ways and Means.
- Oct 30, 2013IntroReferralIntro-H
Introduced in House
- Oct 30, 2013IntroReferral1000
Introduced in House