Bill
Bill > S1692
US S1692
US S1692A 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
05/18/2023
05/18/2023
In Committee
05/18/2023
05/18/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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 6434) 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 indelibly dyed, making it exempt from taxation. The bill also includes conforming amendments to related sections of the tax code, and the changes will take effect 180 days after the bill is enacted.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Read twice and referred to the Committee on Finance. (on 05/18/2023)
Bill Topics
Energy
- ‐ Natural Gas and Oil
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/1692/all-info | 05/19/2023 |
| BillText | https://www.congress.gov/118/bills/s1692/BILLS-118s1692is.pdf | 06/13/2023 |
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