To amend the Internal Revenue Code of 1986 to equalize the excise tax on liquefied natural gas and liquefied petroleum gas.
Alternative Fuel Tax Parity Act
This bill equalizes the excise tax on liquefied petroleum gas and liquefied natural gas by establishing a rate of 18.3 cents per energy equivalent of a gallon of gasoline for liquefied petroleum gas and 24.3 cents per energy equivalent of a gallon of diesel for liquefied natural gas. The bill also expands the alternative fuel excise tax credit to include liquefied natural gas used in a motor vehicle or motorboat or sold for use as a fuel in aviation.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 50.
Referred to the House Committee on Ways and Means.
Read twice and referred to the Committee on Finance.
Became Public Law No: 114-41.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line