A bill to amend the Internal Revenue Code of 1954 to impose a tax on any liquid used as a fuel in certain vessels using any inland waterway of the United States, and to establish a lockage fee for use by such vessels of locks along any such waterway.
Inland Waterway Improvement Finance Act - Imposes a three cents-per-gallon fuel excise tax, and a $32 passage fee through locks on inland waterways, upon commercial vessels using those waterways. Conditions such tax and passage fee upon the construction of the Alton lock. Provides for the payment of such funds into a new Treasury fund, the Inland Waterway Improvement Taxes Trust Fund.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Referred to House Committee on Public Works and Transportation.
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