[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2812 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 2812

To amend the Internal Revenue Code of 1986 to provide that the rate of 
tax on liquefied natural gas shall be equivalent to the rate of tax on 
                        compressed natural gas.


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                    IN THE HOUSE OF REPRESENTATIVES

                           December 19, 1995

Mr. Thornberry introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to provide that the rate of 
tax on liquefied natural gas shall be equivalent to the rate of tax on 
                        compressed natural gas.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. RATE OF TAX ON LIQUEFIED NATURAL GAS TO BE EQUIVALENT TO 
              RATE OF TAX ON COMPRESSED NATURAL GAS.

    (a) In General.--The last sentence of section 4041(a)(2) of the 
Internal Revenue Code of 1986 (relating to tax on special motor fuels) 
is amended by inserting before the period ``; except that the rate of 
the tax imposed by this paragraph on liquefied natural gas shall be 4.3 
cents per gallon''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on the date of the enactment of this Act.
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