A bill to amend the Internal Revenue Code of 1986 to impose a 1 year moratorium on certain diesel fuel excise taxes.
States that the previous provisions of this Act shall cease to be effective if the Secretary of the Treasury determines that the average refiner acquisition costs for crude oil are equal to or less than such costs were on December 31, 1999.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S803)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S803-804)
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