[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 3372 Introduced in Senate (IS)]

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114th CONGRESS
  2d Session
                                S. 3372

  To amend the Internal Revenue Code of 1986 to provide for a partial 
 exclusion from the excise tax imposed on heavy trucks sold at retail 
                      for alternative fuel trucks.


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                   IN THE SENATE OF THE UNITED STATES

                           September 21, 2016

  Mr. Cassidy introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to provide for a partial 
 exclusion from the excise tax imposed on heavy trucks sold at retail 
                      for alternative fuel trucks.

    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 ``Natural Gas Truck Tax Parity Act of 
2016''.

SEC. 2. PARTIAL EXCLUSION FROM EXCISE TAX IMPOSED ON HEAVY TRUCKS SOLD 
              AT RETAIL FOR ALTERNATIVE FUEL TRUCKS.

    (a) In General.--Section 4051(a) of the Internal Revenue Code of 
1986 is amended by redesignating paragraph (5) as paragraph (6) and by 
inserting after paragraph (4) the following new paragraph:
            ``(5) Partial exclusion for alternative fuel trucks.--
                    ``(A) In general.--In the case of any automobile 
                truck chassis, automobile truck body, or tractor 
                subject to tax under paragraph (1) which is fueled 
                wholly or partially by an alternative fuel, the rate of 
                tax shall be reduced by 35 percent.
                    ``(B) Alternative fuel.--For purposes of 
                subparagraph (A), the term `alternative fuel' means 
                compressed natural gas, liquefied natural gas, 
                liquefied petroleum gas, renewable natural gas, 
                hydrogen, and any liquid at least 85 percent of the 
                volume of which consists of methanol.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to sales after the date of the enactment of this Act.
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