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To amend the Internal Revenue Code of 1986 to allow for payments to certain individuals who dye fuel, and for other purposes.

12/15/2023, 3:58 PM

Summary of Bill HR 3524

Bill 118 hr 3524, also known as the Fuel Dye Payment Act, aims to make changes to the Internal Revenue Code of 1986 in order to allow for payments to certain individuals who dye fuel. The bill is designed to provide financial assistance to individuals who are involved in the dyeing of fuel, which is a process used to distinguish between different types of fuel and prevent fraud.

The bill proposes to amend the Internal Revenue Code to allow for payments to individuals who are certified by the Secretary of the Treasury as qualified fuel dyers. These individuals would be eligible to receive payments for the dyeing of fuel in accordance with regulations set forth by the Secretary of the Treasury.

In addition to providing payments to qualified fuel dyers, the bill also includes provisions for the establishment of a program to monitor and regulate the dyeing of fuel. This program would be overseen by the Secretary of the Treasury and would aim to ensure that fuel dyeing is carried out in a safe and effective manner. Overall, the Fuel Dye Payment Act seeks to support individuals involved in the dyeing of fuel by providing financial assistance and implementing regulations to promote the proper use of fuel dyeing techniques.

Current Status of Bill HR 3524

Bill HR 3524 is currently in the status of Bill Introduced since May 18, 2023. Bill HR 3524 was introduced during Congress 118 and was introduced to the House on May 18, 2023.  Bill HR 3524's most recent activity was Referred to the House Committee on Ways and Means. as of May 18, 2023

Bipartisan Support of Bill HR 3524

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
16
Democrat Cosponsors
2
Republican Cosponsors
14
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3524

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 3524

To amend the Internal Revenue Code of 1986 to allow for payments to certain individuals who dye fuel, and for other purposes.
To amend the Internal Revenue Code of 1986 to allow for payments to certain individuals who dye fuel, and for other purposes.

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