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LNG and LPG Excise Tax Equalization Act of 2015

7/10/2021, 7:57 PM

Congressional Summary of S 917

(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.

Current Status of Bill S 917

Bill S 917 is currently in the status of Bill Introduced since April 14, 2015. Bill S 917 was introduced during Congress 114 and was introduced to the Senate on April 14, 2015.  Bill S 917's most recent activity was Placed on Senate Legislative Calendar under General Orders. Calendar No. 50. as of April 14, 2015

Bipartisan Support of Bill S 917

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 917

Primary Policy Focus

Taxation

Potential Impact Areas

- Debt collection
- Medicare
- Oil and gas
- Sales and excise taxes
- Tax administration and collection, taxpayers

Alternate Title(s) of Bill S 917

LNG and LPG Excise Tax Equalization Act of 2015
LNG and LPG Excise Tax Equalization Act of 2015
LNG and LPG Excise Tax Equalization Act of 2015
An original bill to amend the Internal Revenue Code of 1986 to equalize the excise tax on liquified petroleum gas and liquified natural gas.

Comments

Sponsors and Cosponsors of S 917

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