A bill to amend the Internal Revenue Code of 1954 to encourage the conservation of gasoline by increasing the Federal excise tax on gasoline and to provide a tax credit which is refundable without regard to liability for am amount equal to the amount of increased tax which would be paid on 350 gallons of gasoline per person.

Summary

Increases the Federal excise tax, under the Internal Revenue Code, on gasoline. Provides a tax credit which is refundable without regard to liability for an amount equal to the amount of increased tax which would be paid on 350 gallons of gasoline per person.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 15 July 1975

  Open at official source

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