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- H.R.3960
H.R.3960: To amend the Internal Revenue Code of 1986 to provide that the special motor fuels excise tax on water-phased hydrocarbon fuel emulsions shall be based on their Btu content relative to gasoline.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced May 22, 1998
- Latest Major Action May 22, 1998
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the Internal Revenue Code to provide that the special motor fuels excise tax shall be 12.66 cents per gallon in the case of any water-phased hydrocarbon fuel. Defines the term "water-phased hydrocarbon fuel" to mean any liquid consisting of a hydrocarbon base and water if not less than 20 percent (by volume) of the liquid consists of water.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| May 22, 1998 |
Introduced in the House by John Ensign (R-Nev.) |