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H.R.3431 - 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.115th Congress (2017-2018)

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Sponsor: Rep. Higgins, Clay [R-LA-3] (Introduced 07/26/2017)
Committees: House - Ways and Means
Latest Action: House - 07/26/2017 Referred to the House Committee on Ways and Means.  (All Actions)

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This bill has the status Introduced

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Summary: H.R.3431 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3431. Bill summaries are authored by CRS.

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Introduced in House (07/26/2017)

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.