A bill to amend the Internal Revenue Code of 1954 to reduce the rate of tax imposed on certain petroleum products that are mixed with alcohol, and for other purposes.

Summary

Amends the Internal Revenue Code to reduce the excise tax on gasohol and special fuels mixed with alcohol from four cents per gallon to two cents per gallon. Amends the Tariff Schedules of the United States to increase the tariff on alcohol imported for use as a fuel from 50 cents per gallon to 70 cents per gallon.

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

Timeline

1. 27 January 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 27 January 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 7 February 1983

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department, Transportation Department.

   Source: Committee

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 · 27 January 1983

  Open at official source

Sponsors

• Sen. Pressler, Larry [R-SD] · R · Sponsor
• Sen. Baucus, Max [D-MT] · D · Sponsor
• Sen. Inouye, Daniel K. [D-HI] · D · Sponsor
• Sen. Boschwitz, Rudy [R-MN] · R · Cosponsor
• · ssfi00 · Standing

Related records

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