3.0.0 3171 2019-11-15T21:57:56Z 2019-11-15T21:57:56Z Senate S S 2008-06-19 110 ssfi00 Finance Committee Senate Standing Referred to 2008-06-19T23:09:05Z 2008-06-19 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2008-06-19 Introduced in Senate IntroReferral 10000 9 Library of Congress B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY N Taxation Administrative procedure Air pollution control Bonds Carbon dioxide Commerce Department of Transportation Electric power transmission Energy Energy transportation Environmental Protection Finance and Financial Sector Government Operations and Politics Income tax Law Local taxation Natural gas Petroleum Pipelines Property tax Restrictive trade practices State taxation Transportation and Public Works Taxation 00 2008-06-19 Introduced in Senate 2008-08-08T21:55:51Z Amends the Internal Revenue Code to: (1) modify tax-exempt bond financing rules to exclude from the private business use and private loan financing tests certain property used to transmit electricity or carbon dioxide or to transport crude oil and other petroleum products; and (2) reduce the state volume cap for tax-exempt bonds by the amount of bonds issued for such property.

Describes the following as acts that unreasonably burden and discriminate against interstate commerce, and prohibits states, political subdivisions, and any other taxing authority from: (1) assessing natural gas pipeline property at a value that has a higher ratio to its true market value than the ratio used to assess other commercial and industrial property in the same assessment jurisdiction; (2) levying or collecting a tax on such an assessment; (3) levying or collecting an ad valorem property tax on natural gas pipeline property at a rate that exceeds the rate applicable to commercial and industrial property in the same assessment jurisdiction; or (4) imposing any other tax that discriminates against a natural gas pipeline providing transportation subject to the jurisdiction of the Federal Energy Regulatory Commission.

Grants jurisdiction to U.S. District Courts and provides specified relief for claims of discriminatory taxation of natural gas pipeline property.

Amends federal transportation law to modify the criteria for natural gas pipeline integrity reassessments to require the Secretary of Transportation to issue regulations basing the intervals for reassessments on certain technical data, risk factors, and engineering analysis.

]]> A bill to amend the Internal Revenue Code of 1986 to exclude certain tax-exempt financing of energy transportation infrastructure from the private business use tests, and for other purposes. Display Title A bill to amend the Internal Revenue Code of 1986 to exclude certain tax-exempt financing of energy transportation infrastructure from the private business use tests, and for other purposes. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to exclude certain tax-exempt financing of energy transportation infrastructure from the private business use tests, and for other purposes. Introduced in Senate 2008-06-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3171is/xml/BILLS-110s3171is.xml 2008-06-19 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.