HR 3431 · 115th Congress · Taxation

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.

Introduced 2017-07-26· Sponsored by Rep. Higgins, Clay [R-LA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2017-07-26)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (4)

4 Republicans
Rep. Graves, Garret [R-LA-6]LA
Rep. Abraham, Ralph Lee [R-LA-5]LA
Rep. Johnson, Mike [R-LA-4]LA
Rep. Culberson, John Abney [R-TX-7]TX