US HB3431 | 2017-2018 | 115th Congress
Status
Sponsorship: Partisan Bill (Republican 5)
Status: Introduced on July 26 2017 - 25% progression, died in committee
Action: 2017-07-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 26 2017 - 25% progression, died in committee
Action: 2017-07-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To amend the Internal Revenue Code of 1986 to allow the volumetric excise tax credit for liquid fuel derived from natural gas through the Fischer-Tropsch process. This bill amends the Internal Revenue Code to allow an alternative fuel excise tax credit for liquid fuel derived from natural gas through the Fischer-Tropsch process. The Fischer-Tropsch process is a collection of chemical reactions that converts a mixture of carbon monoxide and hydrogen into liquid hydrocarbons.
Title
To amend the Internal Revenue Code of 1986 to allow the volumetric excise tax credit for liquid fuel derived from natural gas through the Fischer-Tropsch process.
Sponsors
| Rep. Clay Higgins [R-LA] | Rep. Garret Graves [R-LA] | Rep. Ralph Abraham [R-LA] | Rep. Mike Johnson [R-LA] |
| Rep. John Culberson [R-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-07-26 | House | Referred to the House Committee on Ways and Means. |
| 2017-07-26 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/3431/all-info |
| Text | https://www.congress.gov/115/bills/hr3431/BILLS-115hr3431ih.pdf |
