A bill to amend the Internal Revenue Code of 1986 to permit tax-free sales of gasoline for use by State and local governments and to permit tax-free sales of diesel fuel for off-highway uses.

Summary

Amends the Internal Revenue Code to exempt from the gasoline excise tax any sale of gasoline to a State or local government (or to a purchaser for resale to such government) for its exclusive use. Prohibits the imposition of excise tax on the sale of diesel fuel to any purchaser (or purchaser for resale to a second purchaser) for any use not as a fuel in a diesel-powered highway vehicle or a diesel-powered train. (Although fuel sold for such off-highway uses is generally 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 the nontaxable use.)

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 Senate

  summary · EN · 15 March 1988

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.