[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2025 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 2025

 To amend the Internal Revenue Code of 1986 to allow all individuals a 
deduction for Federal, State, and local highway motor fuel sales taxes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 25, 2001

 Mr. Manzullo 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 allow all individuals a 
deduction for Federal, State, and local highway motor fuel sales taxes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Gasoline Price Relief Act of 2001''.

SEC. 2. DEDUCTION FOR FEDERAL, STATE, AND LOCAL HIGHWAY MOTOR FUEL 
              SALES TAXES.

    (a) In General.--Section 164 of the Internal Revenue Code of 1986 
(relating to taxes) is amended by redesignating subsection (g) as 
subsection (h) and by inserting after subsection (f) the following new 
subsection:
    ``(g) Highway Motor Fuel Taxes.--In the case of an individual, in 
addition to the taxes otherwise allowable as a deduction under this 
section, there shall be allowed as a deduction for the taxable year an 
amount equal to the sum of--
            ``(1) the State and local excise and sales taxes paid by 
        the taxpayer on gasoline (other than aviation gasoline), diesel 
        fuel, and any other fuel used in a motor vehicle, and
            ``(2) with respect to each gallon of such gasoline, diesel 
        fuel, and other fuel, an amount equal to the portion of the 
        price of such fuel which is equal to the rate of tax imposed on 
        such fuel under chapter 31 or 32.
An amount shall be allowed as a deduction under the preceding sentence 
only if verified in such manner as the Secretary shall prescribe.''
    (b) Deduction Allowed Whether or Not Taxpayer Itemizes Other 
Deductions.--Subsection (a) of section 62 of such Code is amended by 
inserting after paragraph (17) the following new paragraph:
            ``(18) Highway motor fuel taxes.--The deduction allowed by 
        section 163(g).''
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid after December 31, 2000.
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