[Congressional Record Volume 161, Number 8 (Friday, January 16, 2015)]
[Senate]
[Page S241]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 38. Mr. MANCHIN submitted an amendment intended to be proposed by
him to the bill S. 1, to approve the Keystone XL Pipeline; which was
ordered to lie on the table; as follows:
At the appropriate place, add the following:
SEC. ___. CLARIFICATION OF OIL SANDS AS CRUDE OIL FOR EXCISE
TAX PURPOSES.
(a) In General.--Paragraph (1) of section 4612(a) of the
Internal Revenue Code of 1986 is amended to read as follows:
``(1) Crude oil.--The term `crude oil' includes crude oil
condensates, natural gasoline, bitumen, and bituminous
mixtures.''.
(b) Technical Amendment.--Paragraph (2) of section 4612(a)
of such Code is amended by striking ``from a well located''.
(c) Effective Date.--The amendments made by this section
shall take effect on the date of the enactment of this Act.
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