Summary of Bill HR 313
Bill 119 HR 313, also known as the Natural Gas Tax Repeal Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to repeal the tax on natural gas.
The bill aims to eliminate the tax on natural gas, which is currently imposed at the federal level. Proponents of the bill argue that the tax on natural gas is burdensome and hinders economic growth. They believe that by repealing this tax, it will stimulate the natural gas industry and create more jobs.
Opponents of the bill, however, argue that the tax on natural gas is necessary to fund important government programs and services. They are concerned that repealing the tax could lead to a loss of revenue for the government and potentially impact funding for critical programs.
Overall, the Natural Gas Tax Repeal Act is a controversial piece of legislation that has sparked debate among lawmakers and stakeholders. It remains to be seen whether the bill will ultimately be passed into law.
Congressional Summary of HR 313
Natural Gas Tax Repeal Act
This bill eliminates a program administered by the Environmental Protection Agency that provides support for reducing methane emissions from the oil and gas sector. It also repeals a charge on methane emissions from facilities that contain petroleum and natural gas systems and emit 25,000 metric tons or more of greenhouse gases per year.