Farmer Fuel Tax Relief Act

Summary

Farmer Fuel Tax Relief Act - 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.) Permits wholesale distributors of gasoline who have registered with the Secretary of the Treasury and posted the required bond to pay the gasoline tax (in lieu of the person otherwise liable for the tax.) 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. Requires that the reduced gasoline tax rate (3.4 cents instead of 9.1 cents) be applied with respect to gasoline used to produce gasohol after the time of the relevant removal or sale.

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Timeline

1. 10 March 1988

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 10 March 1988

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 March 1988

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 November 1988

   Committee

   Provisions of Measure Incorporated Into H.R.4333.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 10 March 1988

  Open at official source

Sponsors

• Rep. Hubbard, Carroll, Jr. [D-KY-1] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → Farmer Fuel Tax Relief Act
• related to → Farmer Fuel Tax Relief Act
• related to ← Technical and Miscellaneous Revenue Act of 1988