Natural Gas Truck Tax Parity Act of 2016
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 21, 2016)
Natural Gas Truck Tax Parity Act of 2016
This bill amends the Internal Revenue Code to reduce the excise tax rate on the retail sale of heavy trucks and trailers by 35% for any automobile truck chassis, automobile truck body, or tractor that is fueled wholly or partially by an alternative fuel.
The term "alternative fuel" means compressed natural gas, liquefied natural gas, liquefied petroleum gas, renewable natural gas, hydrogen, and any liquid whose volume is at least 85% methanol.
What just happenedSep 21, 2016
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateSep 21, 2016
- Sep 21, 2016IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Sep 21, 2016IntroReferral10000
Introduced in Senate