To amend the Internal Revenue Code of 1986 to increase the gasoline tax for purposes of providing additional revenues for the Mass Transit Account in the Highway Trust Fund and for purposes of reducing the deficit.

Summary

Amends the Internal Revenue Code to increase the Federal excise tax on gasoline (except gasohol) from 9.1 cents to 19.1 cents per gallon. Earmarks the increase as follows: (1) three cents to the Highway Trust Fund (HTF) for transfer to the Mass Transit Account (thereby increasing the total HTF financing rate to 12 cents per gallon); and (2) seven cents to fund deficit reduction. Suspends this deficit reduction rate in any year following a fiscal year when the Federal Government had no deficit.

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Timeline

1. 4 May 1989

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 4 May 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 May 1989

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 4 May 1989

  Open at official source

Sponsors

• Rep. Green, S. William [R-NY-15] · R · Sponsor
• Rep. Atkins, Chester G. [D-MA-5] · D · Cosponsor
• Rep. Campbell, Tom [R-CA-12] · R · Cosponsor
• · hswm00 · Standing

Related records

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