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Bill114th CongressFiled Apr 14, 2015Taxation
S. 917

LNG and LPG Excise Tax Equalization Act of 2015

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What it doesSummary introduced in senate (Apr 14, 2015)

LNG and LPG Excise Tax Equalization Act of 2015

This bill amends the Internal Revenue Code to equalize the excise tax on liquefied petroleum gas and liquefied natural gas by establishing a rate of 18.3 cents per energy equivalent of a gallon of gasoline for liquefied petroleum gas and 24.3 cents per energy equivalent of a gallon of diesel for liquefied natural gas.

The bill also increases from 30% to 35% the rate of the continuous levy on payments made to Medicare providers and suppliers for unpaid taxes.

What just happenedApr 14, 2015

Placed on Senate Legislative Calendar under General Orders. Calendar No. 50.

Who’s behind it

Sen. Hatch, Orrin G. [R-UT](R-UT)Sponsor
Read on Congress.gov
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  1. Apr 14, 2015Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 50.

  2. Apr 14, 2015Committee

    Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-27.

    Finance Committee
  3. Apr 14, 2015Committee14000

    Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-27.

    Finance Committee
  4. Apr 14, 2015IntroReferral10000

    Introduced in Senate

Introduced in SenateApr 14, 2015

LNG and LPG Excise Tax Equalization Act of 2015

This bill amends the Internal Revenue Code to equalize the excise tax on liquefied petroleum gas and liquefied natural gas by establishing a rate of 18.3 cents per energy equivalent of a gallon of gasoline for liquefied petroleum gas and 24.3 cents per energy equivalent of a gallon of diesel for liquefied natural gas.

The bill also increases from 30% to 35% the rate of the continuous levy on payments made to Medicare providers and suppliers for unpaid taxes.

Reported to Senate without amendmentApr 14, 201580

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

LNG and LPG Excise Tax Equalization Act of 2015

(Sec. 2) This bill amends the Internal Revenue Code to equalize the excise tax on liquefied petroleum gas and liquefied natural gas by establishing a rate of 18.3 cents per energy equivalent of a gallon of gasoline for liquefied petroleum gas and 24.3 cents per energy equivalent of a gallon of diesel for liquefied natural gas.

(Sec. 3) The bill also increases from 30% to 35% the rate of the continuous levy on payments made after 180 days after the enactment date of this Act to Medicare providers and suppliers for unpaid taxes.

LNG and LPG Excise Tax Equalization Act of 2015 — Informed