S. 917
IntroducedLNG and LPG Excise Tax Equalization Act of 2015
Latest Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 50.
4/14/2015 • Senate
Summary
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
LNG and LPG Excise Tax Equalization Act of 2015
(Sec. 2) This bill amends the Internal Revenue Code to equalize the excise tax on liquefied petroleum gas and liquefied natural gas by establishing a rate of 18.3 cents per energy equivalent of a gallon of gasoline for liquefied petroleum gas and 24.3 cents per energy equivalent of a gallon of diesel for liquefied natural gas.
(Sec. 3) The bill also increases from 30% to 35% the rate of the continuous levy on payments made after 180 days after the enactment date of this Act to Medicare providers and suppliers for unpaid taxes.
Reported to Senate without amendment • 4/14/2015
Topics & Subjects
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Bill Journey
Originated in the Senate
Introduced
April 14, 2015
Committee Review
April 14, 2015
Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-27.
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law