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United States · Bill · HR

H.R. 4975 (98th)

A bill to reduce the motor fuels tax imposed on methanol produced from natural gas so that the tax on such fuel is imposed on an energy-equivalent basis with the fuel tax imposed on gasoline, diesel fuel, and special motor fuels.

referredUnited States· United States Congress· EN

Introduced

29 February 1984

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to reduce from nine cents to four and one-half cents per gallon the special fuels excise tax on any liquid at least 85 percent of which consists of methanol produced from natural gas.

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Documents

1 official file

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