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.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
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.