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HR 6146 United States House · 117th Congress

Stranded Gas Recovery and Utilization Act of 2021

Summary
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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides 30% tax credit for gas infrastructure investment, a direct fiscal incentive to encourage private sector spending under tax policy.90% confidence ✗ EnergyOpposes EnergyProvides tax credit for fossil fuel gas infrastructure, promoting fossil fuels over renewable energy development85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2021
Committee Review
Floor Vote
President
Introduced Dec 7, 2021 Last action Dec 7, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Dec 7, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Dec 7, 2021
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Michael C. Burgess
Michael C. Burgess
RRepublican
TX
26