A bill to amend the Internal Revenue Code of 1986 to allow farmers to purchase diesel fuel and gasoline for farm use tax-free.

Summary

Amends the Internal Revenue Code to prohibit imposition of the excise tax on the sale of diesel or aviation fuel to any purchaser (or purchaser for resale to a second purchaser) for use on a farm for farming purposes. (Although fuel sold for these purposes is tax-exempt under current law, provisions of the Revenue Act of 1987 require purchasers to pay the tax and subsequently apply for a refund based on nontaxable uses of the fuel.) Prohibits imposition of the gasoline tax on the sale or removal of gasoline by any person (or for resale to a second person) for use on a farm for farming purposes.

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Documents

1 official file

• Introduced in House

  summary · EN · 24 February 1988

  Open at official source

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