US SB1774 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on June 11 2019 - 25% progression, died in committee
Action: 2019-06-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 11 2019 - 25% progression, died in committee
Action: 2019-06-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to provide for an energy equivalent for a gallon of diesel, in the case of liquefied natural gas (LNG), for the purposes of the 29 cents per gallon Inland Waterways Trust Fund financing rate. (The rate is used for the excise tax on fuel used in commercial transportation on inland waterways.) The bill specifies that the energy equivalent of a gallon of diesel is 6.06 pounds of LNG.
Title
Waterway LNG Parity Act of 2019
Sponsors
| Sen. Bill Cassidy [R-LA] | Sen. Michael Bennet [D-CO] | Sen. Todd Young [R-IN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-06-11 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Government trust funds
Marine and inland water transportation
Motor fuels
Oil and gas
Sales and excise taxes
Taxation
Marine and inland water transportation
Motor fuels
Oil and gas
Sales and excise taxes
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1774/all-info |
| Text | https://www.congress.gov/116/bills/s1774/BILLS-116s1774is.pdf |
