LNG and LPG Excise Tax Equalization Act of 2015
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.
The bill also increases from 30% to 35% the rate of the continuous levy on payments made to Medicare providers and suppliers for unpaid taxes.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2015-04-14 | Calendars | Placed on Senate Legislative Calendar under General Orders. Calendar No. 50. | Senate |
| 2015-04-14 | Committee | Committee on Finance. Original measure reported to Senate by Senator Hatch. With written report No. 114-27. | Senate |
| 2015-04-14 | IntroReferral | Introduced in Senate | Library of Congress |