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Bill > S2877


US S2877

US S2877
A bill to amend the Internal Revenue Code of 1986 to allow for payments to certain individuals who dye fuel, and for other purposes.


summary

Introduced
09/28/2021
In Committee
09/28/2021
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 to individuals who remove eligible indelibly dyed diesel fuel or kerosene from a terminal. The bill also includes conforming amendments to other sections of the tax code related to refunds and penalties. The amendments made by this bill will apply to eligible indelibly dyed diesel fuel or kerosene removed on or after 180 days after the date of enactment.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Read twice and referred to the Committee on Finance. (on 09/28/2021)

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