Bill > HR10308

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 tax previously paid on diesel fuel or kerosene that is removed from a terminal and meets the requirements for being "eligible indelibly dyed diesel fuel or kerosene" (i.e., the fuel was previously taxed and is exempt from taxation under the existing law). The bill also includes conforming amendments to related sections of the tax code and sets an effective date of 180 days after enactment.