US HB2971 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on July 8 2015 - 25% progression, died in committee
Action: 2015-07-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 8 2015 - 25% progression, died in committee
Action: 2015-07-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Highway Trust Fund Certainty Act This bill amends the Internal Revenue Code to: (1) increase the current excise tax rates on gasoline and diesel fuel or kerosene and special fuels and to repeal the reversion of increased fuel tax rates to 4.3 cents per gallon after September 30, 2016, (2) make permanent the excise tax on certain alcohol fuels and fuels used in certain buses, (3) allow U.S. citizens a new tax credit after 2015 for the lesser of 3.1% of earned income or $133, and (4) allow additional appropriations to the Highway and Mass Transit Accounts of the Highway Trust Fund and provide for repayments from such Fund to the general fund of the Treasury for amounts advanced to such Fund.
Title
Highway Trust Fund Certainty Act
Sponsors
Rep. Tom Rice [R-SC] |
History
Date | Chamber | Action |
---|---|---|
2015-07-08 | House | Referred to the House Committee on Ways and Means. |
2015-07-08 | House | Introduced in House |
Subjects
Appropriations
Government trust funds
Income tax credits
Motor fuels
Public transit
Roads and highways
Sales and excise taxes
Taxation
Transportation programs funding
Government trust funds
Income tax credits
Motor fuels
Public transit
Roads and highways
Sales and excise taxes
Taxation
Transportation programs funding
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/2971/all-info |
Text | https://www.congress.gov/114/bills/hr2971/BILLS-114hr2971ih.pdf |