Fuel Fraud Prevention Act of 2003

Summary

Fuel Fraud Prevention Act of 2003 - Amends the Internal Revenue Code concerning collecting taxes on and providing for the accountability of fuel, including: (1) providing for the taxation of aviation fuel upon its removal from any refinery or terminal, entry into the United States, and upon its sale; (2) establishing penalties for tampering with a mechanical dye injection system used to indelibly dye fuel and operators of such systems failing to maintain security standards to be established; (3) making fuel tax records available to Federal Department of Transportation; (4) granting the Secretary of the Treasury authority to inspect any books and records and shipping papers pertaining to fuel at any production or storage site; (5) expanding registration and reporting requirements with respect to those handling fuel; (6) taxing unregistered importers at point of entry; and (7) dedicating certain penalties to the Highway Trust Fund.

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Timeline

1. 25 November 2003

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 25 November 2003

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

3. 25 November 2003

   Introduced

   Sponsor introductory remarks on measure. (CR S16030)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 25 November 2003 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 25 November 2003

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 November 2003

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 November 2003

  Open at official source

Sponsors

• Chuck Grassley · R · Sponsor
• Rep. Baucus, Max [D-MT-1] · D · Sponsor
• Rep. Thomas, Craig [R-WY-At Large] · R · Cosponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.