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Stranded Gas Recovery and Utilization Act of 2021

USA117th CongressHR-6146| House 
| Updated: 12/7/2021
Michael C. Burgess

Michael C. Burgess

Republican Representative

Texas

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Dec 7, 2021
Introduced in House
Dec 7, 2021
Referred to the House Committee on Ways and Means.
  • December 7, 2021
    Introduced in House


  • December 7, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Stranded Gas Recovery and Utilization Act of 2021

USA117th CongressHR-6146| House 
| Updated: 12/7/2021
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 7, 2021
Introduced in House
Dec 7, 2021
Referred to the House Committee on Ways and Means.
  • December 7, 2021
    Introduced in House


  • December 7, 2021
    Referred to the House Committee on Ways and Means.
Michael C. Burgess

Michael C. Burgess

Republican Representative

Texas

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted