Bill

Bill > HR5024


US HR5024

US HR5024
To amend the Internal Revenue Code of 1986 to allow for payments to certain individuals who dye fuel, and for other purposes.


summary

Introduced
08/13/2021
In Committee
08/13/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to allow for payments to certain individuals who dye fuel, and for other purposes.

AI Summary

This bill amends the Internal Revenue Code of 1986 to allow for payments to certain individuals who dye fuel. Specifically, the bill creates a new section (Section 6433) that allows the Secretary of the Treasury to pay an amount equal to the previously paid tax on diesel fuel or kerosene that is removed from a terminal and is exempt from taxation because it has been indelibly dyed. The bill also includes conforming amendments to related sections of the tax code and sets an effective date of 180 days after enactment.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

Referred to the House Committee on Ways and Means. (on 08/13/2021)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...