A bill to amend the Internal Revenue Code of 1986 to increase the gasoline tax and to transfer the additional revenues to the Mass Transit Account in the Highway Trust Fund.

referredUnited States· United States Congress· EN

Introduced

21 January 1987

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to increase the excise tax on gasoline from nine cents per gallon to 12 cents per gallon. Specifies that revenues raised by such increase in the excise tax on gasoline shall be transferred to the Mass Transit Account of the Highway Trust Fund. Imposes a floor stock tax on gasoline of three cents per gallon. Specifies that revenues raised by such floor stock tax shall be transferred to the Highway Trust Fund.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

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 · 21 January 1987
Open at official source

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/100th-congress/house-bill/654
Open data entity: https://api.congress.gov/v3/bill/100/hr/654