US Congress House Bill 3424 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on October 30 2013 - 25% progression, died in committee
Action: 2013-10-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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.

Converting Methane Into Petroleum Act of 2013

Rep. John Larson [D-CT]	Rep. Earl Blumenauer [D-OR]	Rep. Tom Cole [R-OK]	Rep. William Enyart [D-IL]
Rep. Linda Sanchez [D-CA]	Rep. Pete Sessions [R-TX]	Rep. Eric Swalwell [D-CA]	Rep. Glenn Thompson [R-PA]
Rep. Mike Thompson [D-CA]	Rep. Mac Thornberry [R-TX]

Date	Chamber	Action
2013-10-30	House	Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/3424/all-info
Text	https://www.congress.gov/113/bills/hr3424/BILLS-113hr3424ih.pdf