Bill > HR2202

This bill, titled the LNG Excise Tax Equalization Act of 2013, aims to adjust the federal excise tax on liquefied natural gas (LNG) to be equivalent to the tax on diesel fuel based on energy content. The bill notes that LNG has less energy per gallon than diesel, yet both currently face the same per-gallon excise tax. To equalize this, the bill proposes to set the tax on LNG at 24.3 cents per "energy equivalent of a gallon of diesel," meaning the tax will be applied to the amount of LNG that contains the same amount of energy as a gallon of diesel (128,700 Btu). This change is intended to create a fairer tax structure for alternative fuels like LNG, and it will take effect 14 days after the bill is enacted.