Bill > HR1665

This bill, titled the Alternative Fuel Tax Parity Act, aims to equalize the excise tax rates for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) by setting specific tax rates based on their energy content compared to gasoline and diesel fuel. Specifically, it establishes an excise tax of 18.3 cents per energy equivalent of a gallon of gasoline for LPG, and 24.3 cents per energy equivalent of a gallon of diesel for LNG. The bill also expands the alternative fuel excise tax credit, which is a tax break for using alternative fuels, to include LNG when it's used in motor vehicles, motorboats, or for aviation fuel. These changes are intended to create a more level playing field for these alternative fuels in terms of taxation and incentives.