Waterway LNG Parity Act of 2017
- Last Action
- 3/2/2017
Actions
- 2017-03-02Read twice and referred to the Committee on Finance.
- 2017-03-02Introduced in Senate
CRS Summary
As of 2017-03-02 (00)
Waterway LNG Parity Act of 2017
This bill amends the Internal Revenue Code to provide for an energy equivalent for a gallon of diesel, in the case of liquefied natural gas (LNG), for the purposes of the 29 cents per gallon Inland Waterways Trust Fund financing rate. (The rate is used for the excise tax on fuel used in commercial transportation on inland waterways.) The bill specifies that the energy equivalent of a gallon of diesel is 6.06 pounds of LNG.
Cosponsors (4)
- Michael Bennet (D-CO)
- Todd Young (R-IN)
- Bob Casey (D-PA)
- John Kennedy (R-LA)
Subjects
- Government trust funds
- Marine and inland water transportation
- Motor fuels
- Oil and gas
- Sales and excise taxes
Sourced from Congress.gov (public domain).
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