To amend the Internal Revenue Code of 1986 to provide that the rate of tax on certain fuels derived from natural gas shall be based on the Btu equivalence with a gallon of gasoline, and for other purposes.
Clean Fuels Tax Equity Act of 1997 - Amends the Internal Revenue Code to establish the special motor fuel tax on: (1) liquified natural gas and liquified petroleum gas at 12 cents and 13.6 cents per gallon, respectively; and (2) natural gas-derived fuel none of the alcohol in which contains ethanol on the basis of BTU equivalence with gasoline.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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