US SB505 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 2 2017 - 25% progression, died in committee
Action: 2017-03-02 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 2 2017 - 25% progression, died in committee
Action: 2017-03-02 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Waterway LNG Parity Act of 2017 This bill 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 2017
Sponsors
| Sen. Bill Cassidy [R-LA] | Sen. Michael Bennet [D-CO] | Sen. Todd Young [R-IN] | Sen. Robert Casey [D-PA] |
| Sen. John Kennedy [R-LA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-03-02 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB5959 (Related) 2018-05-24 - Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, Energy and Commerce, and Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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/115th-congress/senate-bill/505/all-info |
| Text | https://www.congress.gov/115/bills/s505/BILLS-115s505is.pdf |
