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Tax Credits for Stranded Gas Infrastructure

A new bill proposes tax credits for companies that build infrastructure to utilize natural gas that is currently unused. The goal is to encourage investment in pipelines, storage, and equipment related to this gas, potentially impacting the energy sector.
Key points
Businesses can receive a tax credit equal to 30% of the cost of building specific gas infrastructure.
The credit applies to pipelines, compressor stations, gas storage containers, and underground storage equipment.
The credit will be available for investments made between 2022 and 2027.
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Expired
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Additional Information
Print number: 117_HR_6146
Sponsor: Rep. Burgess, Michael C. [R-TX-26]
Process start date: 2021-12-07
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stranded Gas Recovery and Utilization Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6146.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-12-07.

What are the main provisions?

Key points include:

  • Businesses can receive a tax credit equal to 30% of the cost of building specific gas infrastructure.
  • The credit applies to pipelines, compressor stations, gas storage containers, and underground storage equipment.
  • The credit will be available for investments made between 2022 and 2027.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Burgess, Michael C. [R-TX-26].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Economy