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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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Additional Information
Print number: 117_HR_6146
Sponsor: Rep. Burgess, Michael C. [R-TX-26]
Process start date: 2021-12-07