Top Legislation - View All
Latest Action: 06/29/2007 - Signed by President. Bill TextTo repeal certain sections of the Act of May 26, 1936, pertaining to the Virgin Islands. 6/29/2007--Public Law. (There are 4 other summaries) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Repeals specified provisions pertaining to real property taxation in the U.S. Virgin Islands. Deems such amendment to have taken effect on July 22, 1954.
Also tagged in: Administrative remedies, Advice and consent of the Senate, Aged, Budgets, Civil liberties, Civil rights, Congress, Congressional reporting requirements, Consumer complaints, Consumers, Cost control, Criminal justice, Dental care, Dentists, Department of Health and Human Services, Discrimination in insurance, Discrimination in medical care, Education, Executive departments, Executive reorganization, Exports, Federal advisory bodies, Federal aid to education, Federal-state relations, Finance, Fines (Penalties), Food, Gifts, Government trust funds, Governmental investigations, Health insurance, Health policy, Higher education, Hospital care, Hospitals, Housing, Interest, Judicial review, Law, Liability insurance, Managed care, Medical care, Medical economics, Medical education, Medical malpractice, Medical records, Medically uninsured, Medicare, Medicine, National health insurance, Nurses, Patient satisfaction, Patients' rights, Physicians, Presidential appointments, Presidents, Right of privacy, Scholarships, State and local government, Tax credits, Tax returns, Tax-exempt organizations, Taxation, Trade, Value-added tax
Latest Action: 02/02/2007 - Referred to the Subcommittee on Health. Bill TextTo provide a program of national health insurance, and for other purposes. 1/4/2007--Introduced. National Health Insurance Act - Requires that medical services, hospital services, and other personal health services be made available to eligible individuals in all U.S. health-service areas as rapidly as possible. Sets forth minimum income requirements for eligibility. Allows health care professionals and hospitals to enter into agreements to furnish services to eligible individuals. Gives responsibility for administration of the benefits provided under this Act to local administrative committees or officers. Allows a state to assume responsibility for administration of the personal health benefits provided under this Act. Establishes: (1) the National Health Insurance Board in the Department of Health and Human Services (HHS); and (2) the National Advisory Medical Policy Council. Requires the Secretary of HHS to determine the eligibility [...] show full description
Also tagged in: Administrative remedies, Business, Civil liberties, Congress, Congressional oversight, Data banks, Electronic commerce, Excise tax, Intergovernmental tax relations, Internet, Interstate compacts, Judicial review, Law, Minorities, Right of privacy, Sales tax, Small business, State and local government, State government-Indian relations, State taxation, Tax administration, Tax credits, Tax refunds, Tax returns, Tax simplification, Taxation, Technology, Telecommunication, Telecommunication industry
Latest Action: 05/22/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to promote simplification and fairness in the administration and collection of sales and use taxes. 5/22/2007--Introduced. Sales Tax Fairness and Simplification Act - Grants the consent of Congress to the Streamlined Sales and Use Tax Agreement (Agreement), the multistate agreement for the administration and collection of sales and use taxes adopted on November 12, 2002. Expresses the sense of Congress that the Agreement provides sufficient simplification and uniformity to warrant federal authorizations to states that are parties to it (member states) to require remote sellers (sellers without a physical presence in the taxing state) to collect and remit the sales and use taxes of such states and their local taxing jurisdictions.Authorizes each member state, after 10 states (comprising at least 20% of all states imposing a sales tax) have petitioned for and become member states, to require all sellers, except those sellers with gross remote taxable sales nationwide [...] show full description
Also tagged in: Aliens, Appropriations, Budgets, Children, Economic policy, Employee health benefits, Federal aid to child health services, Finance, Government employees, Government information, Government paperwork, Health insurance, Health policy, Immigrant health, Immigration, Income, Income tax, Insurance premiums, Intergovernmental fiscal relations, Labor, Medicaid, Medical care, Medical savings accounts, Medically uninsured, Poor children, State and local government, State employees, Tax credits, Tax deductions, Tax exemption, Tax refunds, Tax returns, Taxation, Welfare, Welfare eligibility
Latest Action: 06/27/2007 - Sponsor introductory remarks on measure. (CR S8616-8617) Bill TextA bill to amend titles XIX and XXI of the Social Security Act to ensure that every uninsured child in America has health insurance coverage, and for other purposes. 1/4/2007--Introduced. Kids Come First Act of 2007 - Amends title XIX of the Social Security Act (SSA) to give states the option to receive 100% Federal Medicaid Assistance Percentages (FMAPs) for medical assistance for children in poverty in exchange for expanded coverage of children in working poor families under Medicaid (SSA title XIX) or SCHIP (SSA title XXI (State Children's Health Insurance)). Eliminates the cap on SCHIP funding for states that expand eligibility for children. Gives states the option to: (1) provide wrap-around SCHIP coverage to children who have other health coverage; (2) enroll low-income children of state employees in SCHIP; (3) provide optional coverage of legal immigrant children under Medicaid and SCHIP; and (4) provide for passive renewal of eligibility for children [...] show full description
Also tagged in: Balanced budgets, Budget deficits, Budget surpluses, Budgets, Congress, Constitution, Constitutional amendments, Debt limit, Federal budget process, Federal budgets, Government trust funds, House rules and procedure, Legislation, Old age, survivors and disability insurance, Record votes, Senate rules and procedure, Social security, Social security finance, Taxation
Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S186-187) Bill TextA joint resolution proposing an amendment to the Constitution of the United States relative to require a balanced budget and protect Social Security surpluses. 1/4/2007--Introduced. Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Bars any surplus of receipts (including interest) over outlays of the Federal Old-Age and Survivors Insurance and the Federal Disability Insurance Trust Funds from being counted for purposes of this article. Requires any deficit of receipts (including interest) relative to outlays of such trust funds to be counted and to be completely offset by a surplus of all other receipts over all other outlays. Requires a three-fifths roll call vote of each House to increase [...] show full description
Latest Action: 01/05/2007 - Sponsor introductory remarks on measure. (CR E1) Bill TextTo amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits. 1/4/2007--Introduced. Senior Citizens Tax Elimination Act - Amends the Internal Revenue Code to repeal the inclusion of any social security or tier I railroad retirement benefits in gross income. Appropriates funds to cover reductions in transfers to the Social Security and Railroad Retirement Trust Funds resulting from the enactment of this Act. Expresses the sense of Congress against using tax increases to provide revenue necessary to carry out this Act.
Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S163-164) Bill TextA bill to restrict any State from imposing a new discriminatory tax on cell phone services. 1/4/2007--Introduced. Cell Phone Tax Moratorium Act of 2007 - Prohibits states from imposing any new discriminatory tax on mobile services (cell phones), mobile services providers, or mobile services property for three years after enactment of this Act. Defines "new discriminatory tax" as a tax imposed on mobile services, providers, or property which is not generally imposed on other types of services or property or is generally imposed at a lower rate.
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to repeal the cap on the cover over of tax on distilled spirits to Puerto Rico and the Virgin Islands. 1/4/2007--Introduced. Amends the Internal Revenue Code to repeal the limitation on the amount of distilled spirits tax covered (paid over) into the treasuries of Puerto Rico and the Virgin Islands.
Also tagged in: Business, Capital gains tax, Computer software, Congress, Corporation taxes, Depreciation and amortization, Dividends, Economic policy, Education, Elementary and secondary education, Finance, Income tax, Indexing (Economic policy), Legislation, Minimum tax, Research and development tax credit, Science policy, Small business, Sunset legislation, Tax credits, Tax deductions, Tax simplification, Taxation, Teachers, Teaching materials, Technology
Latest Action: 04/17/2007 - Sponsor introductory remarks on measure. (CR S4602-4604) Bill TextA bill to repeal the sunset on certain tax rates and other incentives and to repeal the individual alternative minimum tax, and for other purposes. 4/17/2007--Introduced. Invest in America Act - Repeals the general termination date (i.e., December 31, 2010) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (thus making provisions of that Act that reduce income tax rates and repeal the estate and gift tax permanent).Repeals the termination date in the Jobs Growth Tax Relief Reconciliation Act of 2003 applicable to the reduction in taxes on dividends and capital gains. Amends the Internal Revenue Code to make permanent: (1) the tax credit for increasing research activities; (2) the increased expensing allowance for small business assets; and (3) the tax deduction for certain expenses of elementary and secondary school teachers. Repeals the alternative minimum tax on individuals after 2006.Expresses the sense of the Senate that the Committee [...] show full description
Also tagged in: Administrative remedies, Aged, Appropriations, Armed forces, Armed forces abroad, Balanced budgets, Biennial budgets, Budget deficits, Budget resolutions, Budgets, Congress, Congressional budget, Congressional committees (Senate), Congressional investigations, Congressional reporting requirements, Counterterrorism, Defense budgets, Defense economics, Defense policy, District of Columbia, Entitlements, Executive departments, Expedited congressional procedure, Federal advisory bodies, Federal budget process, Foreign policy, Government spending reductions, Health care fraud, Health policy, Income tax, International affairs, Labor, Law, Legislation, Medical care, Medicare, Medicine, Military hospitals, Military medicine, Military operations, Performance measurement, Planning-programming-budgeting, Rescission of appropriated funds, Senate Budget, Senate rules and procedure, Social security, Social security finance, Strategic planning, Supplemental security income program, Tax expenditures, Taxation, Terrorism, Unemployment insurance, War casualties, Welfare
Latest Action: 05/22/2007 - Sponsor introductory remarks on measure. (CR S6463-6464) Bill TextA bill to establish a new budget process to create a comprehensive plan to rein in spending, reduce the deficit, and regain control of the Federal budget process. 5/22/2007--Introduced. Stop Over Spending Act of 2007 - Second Look at Wasteful Spending Act of 2007 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to transmit annually to Congress a maximum of four special messages that propose to rescind dollar amounts of discretionary budget authority, items of direct spending, and targeted tax benefits.Requires an analysis by: (1) the Congressional Budget Office (CBO) of an estimated savings in budget authority or outlays resulting from such rescission; and (2) the Joint Committee on Taxation of an estimated savings resulting from repeal of targeted tax benefits.Requires any rescinded budget authority, items of direct spending, or targeted tax benefit to be dedicated only to deficit reduction, and not to be used [...] show full description
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Latest Legislation - View All
Also tagged in: Agriculture, Air pollution, Air pollution control, Alternative energy sources, Automobile engines, Bicycles, Biomass energy, Bonds, Budgets, Building construction, Business, Cellulose, Climate change, Coal, Cogeneration of electric power and heat, Commuting, Congress, Congressional reporting requirements, Corn, Depreciation and amortization, Diesel motor, Electric appliances, Electric power production, Electric utility rates, Electric vehicles, Energy, Energy assistance for the poor, Energy conservation, Energy efficiency, Environmental protection, Excise tax, Fuel cells, Geothermal resources, Government lending, Government trust funds, Greenhouse gases, Heating, Housing, Hydroelectric power, Incineration, Income tax, Investment tax credit, Irrigation, Landfills, Marine resources, Natural resources, Ocean energy resources, Refuse as fuel, Service stations, Solar energy, Solid wastes, Standards, Tax credits, Tax deductions, Tax exclusion, Taxation, Tidal power, Transportation, Trucks, Water resources, Welfare, Wind power, Wood
Latest Action: 07/28/2008 - Sponsor introductory remarks on measure. (CR S7575-7576) Bill TextA bill to increase energy assistance for low-income persons, to extend energy tax incentives, and for other purpose. 7/28/2008--Introduced. Energy Assistance Act of 2008 - Amends the Energy Conservation and Production Act to authorize appropriations for FY2009-FY2011 for the home weatherization program. Establishes in the Treasury the Energy Assistance Fund to finance low interest loans for the purchase and installation of energy efficient property, idling reduction devices and advanced insulation for heavy trucks, and alternative refueling stations.Amends the Internal Revenue Code to allow individual taxpayers a tax credit, up to $500, for the cost of replacing a residential wood stove with: (1) a wood-burning stove that complies with current Environmental Protection Agency (EPA) standards; and (2) a pellet or corn-burning stove. Extends the tax credit for producing electricity from wind facilities through 2009 and the credit for closed and open-loop [...] show full description
Latest Action: 07/14/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide for a temporary reduction in the tax imposed on diesel fuel. 7/14/2008--Introduced. Diesel Tax Parity Act of 2008 - Amends the Internal Revenue Code to reduce the excise tax on diesel fuel for a specified period ending on December 31, 2008. Provides for reimbusement from the Treasury to the Highway Trust Fund for any reduction in Trust Fund receipts resulting from this reduction in diesel fuel taxes.
Also tagged in: Accounting, Americans in foreign countries, Budgets, Business, Children, Corporation taxes, Customs administration, Depletion allowances, Depreciation and amortization, Energy, Finance, Financial services, Foreign corporations, Foreign policy, Foreign tax credit, Gas industry, Government contractors, Income tax, Interest, International affairs, Inventories, Oil well drilling, Pensions, Petroleum industry, Public contracts, Subsidiary corporations, Tax administration, Tax deductions, Tax evasion, Tax exclusion, Tax penalties, Tax refunds, Tax returns, Tax treaties, Tax-deferred compensation plans, Taxation, Taxation of foreign income, Trade, Unemployment insurance, User charges, Valuation, Withholding tax
Latest Action: 06/19/2008 - Sponsor introductory remarks on measure. (CR S5835-5836) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide relief to improve the competitiveness of United States corporations and small businesses, to eliminate tax incentives to move jobs and profits overseas, and for other purposes. 6/19/2008--Introduced. Manufacturing, Assembling, Development, and Export in the USA Tax Act or the MADE in the USA Tax Act - Amends the Internal Revenue Code to: (1) phase in a reduction in the maximum corporate income tax rate from 35 to 28% between 2009 and 2013; (2) increase the deduction for income attributable to domestic production activities and limit such deduction to business entities other than C corporations; (3) make permanent the increased expensing allowance for depreciable business property; (4) repeal certain limitations on the exclusion for the housing expenses of U.S. citizens working abroad; (5) include all foreign-source royalties in passive category income in applying the foreign tax credit limitation; (6) apply the foreign [...] show full description
Latest Action: 06/19/2008 - Sponsor introductory remarks on measure. (CR E1282) Bill TextTo facilitate the importation of ethanol. 6/19/2008--Introduced. Imported Ethanol Facilitation Act - Requires the President to: (1) reduce the temporary duty imposed on imported ethanol under the Harmonized Tariff Schedule of the United States by an amount equal to the reduction in any federal income or excise tax credit under the Internal Revenue Code for alcohol and ethanol blends used as fuel that occurs on or after January 1, 2009; and (2) take other necessary actions to ensure that the temporary duty imposed on imported ethanol does not exceed any federal income or excise tax credit applicable to ethanol. Directs the Secretary of Energy and the Secretary of Commerce to report to Congress on the effects of the further reduction or elimination of the duty on ethanol (resulting in increased imports) on: (1) U.S. fuel prices and U.S. supplies; and (2) domestic production of ethanol.
Also tagged in: Agriculture, Agriculture in foreign trade, Air pollution, Alabama, Alcohol tax, Alcoholic beverages, Alternative energy sources, American Samoa, Biomass energy, Bonds, Books, Budgets, Building construction, Business, Carbon dioxide, Cellulose, Charitable contributions, Children, Climate change, Coal, Cogeneration of electric power and heat, College costs, Communications, Computers, Corporation taxes, Criminal justice, Department of the Treasury, Depreciation and amortization, Depressed areas, Diesel motor, District of Columbia, Dividends, Economic development, Economic policy, Education, Educational technology, Electric appliances, Electric power plants, Electric power production, Electric vehicles, Elementary and secondary education, Emergency management, Employee training, Energy, Energy conservation, Energy efficiency, Energy facilities, Environmental protection, Excise tax, Executive departments, Exports, Finance, Fines (Penalties), Food, Foreign corporations, Foreign policy, Foreign tax credit, Fuel cells, Geothermal resources, Government trust funds, Governmental investigations, Greenhouse gases, Higher education, Housing, Humanities, Hurricanes, Hydroelectric power, Incineration, Income tax, Indian economic development, Individual retirement accounts, Interest, Internal Revenue Service (IRS), International affairs, Inventories, Investment tax credit, Irrigation, Job training, Labor, Landfills, Law, Lawyers, Leases, Legal fees, Legal services, Liability for environmental damages, Local taxation, Losses, Louisiana, Marine resources, Methane, Mine safety, Minimum tax, Minorities, Minority employment, Mississippi, Motion pictures, Mutual funds, Natural resources, New York City, Ocean energy resources, Oil pollution, Pensions, Property tax, Puerto Rico, Railroad engineering, Refuse as fuel, Rescue work, Research and development tax credit, Restaurants, Retail trade, Rural affairs, Rural education, Sales tax, School buildings, Science policy, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tariff, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax penalties, Tax preparers, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Taxation of foreign income, Teacher education, Technology, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Virgin Islands, Wages, Water resources, Wind power, Wool
Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5595-5597) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/12/2008--Introduced. Energy Independence and Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend various provisions relating to energy production and conservation and to individual and business-related activities.Extends through 2009 the tax credit for producing electricity from wind facilities and through 2011 for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2014: (1) the energy tax credits for solar energy, fuel cell, and microturbine property; and (2) the residential energy efficient property tax credit. Allows a new investment tax credit for combined heat and power system property.Provides funding for new clean renewable energy [...] show full description
Latest Action: 06/04/2008 - Sponsor introductory remarks on measure. (CR S5041-5042) Bill TextA bill to ensure parity between the temporary duty imposed on ethanol and tax credits provided on ethanol. 6/4/2008--Introduced. Imported Ethanol Parity Act - Requires the President to: (1) reduce semiannually the temporary duty imposed on ethanol by an amount equal to the reduction in any federal income or excise tax credit for alcohol and ethanol blends used as fuel; and (2) take other necessary actions to ensure that the temporary duty imposed on ethanol is equal to, or lower than, any federal income or excise tax credit applicable to ethanol.
Latest Action: 05/22/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to make the capital gains and dividends rate permanent and to provide estate tax relief and reform, and for other purposes. 5/22/2008--Introduced. Makes permanent the tax rate reductions for dividends and capital gains enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to: (1) restore the unified credit against the estate and gift tax after 2009; (2) establish the amount of such credit at $3.5 million; and (3) provide for a single 15% estate and gift tax rate.
Also tagged in: Air pollution, Alabama, Alcoholic beverages, Alternative energy sources, Armed forces, Biomass energy, Bonds, Books, Building construction, Business, Capital gains tax, Carbon dioxide, Cellulose, Charitable contributions, Children, Civil rights, Clean coal technology, Climate change, Coal, Coal gasification, College costs, Computers, Congress, Congressional reporting requirements, Construction costs, Corporation taxes, Criminal justice, Curricula, Defense policy, Depreciation and amortization, Diesel motor, Discrimination in insurance, Discrimination in medical care, District of Columbia, Earned income tax credit, Economic policy, Education, Education of the disadvantaged, Educational technology, Electric appliances, Electric vehicles, Elementary and secondary education, Emergency management, Employee stock options, Energy, Energy conservation, Energy efficiency, Energy industries, Enterprise zones, Environmental protection, Excise tax, Finance, Food, Foreign corporations, Foreign policy, Foreign tax credit, Fuel cells, Geothermal resources, Governmental investigations, Greenhouse gases, Health insurance, Health policy, Higher education, Home repair and improvement, Housing, Humanities, Hurricanes, Hydroelectric plants, Hydroelectric power, Incineration, Income tax, Indians, Individual retirement accounts, Interest, International affairs, Inventories, Investment tax credit, Irrigation, Labor, Landfills, Law, Leases, Legal fees, Legal services, Local taxation, Losses, Louisiana, Marine resources, Medical care, Medicine, Mental health services, Methane, Military pay, Minimum tax, Minorities, Minority employment, Mississippi, Mortgages, Motion pictures, Mutual funds, Natural resources, New York City, New York State, Ocean energy resources, Pensions, Property tax, Public-private partnerships, Puerto Rico, Railroad engineering, Refuse as fuel, Research and development tax credit, Restaurants, Science policy, Service stations, Small business, Solar energy, Solid wastes, Sports, Sports facilities, State and local government, State taxation, Stocks, Subsidiary corporations, Tax administration, Tax credits, Tax deductions, Tax evasion, Tax exclusion, Tax exemption, Tax penalties, Tax preparers, Tax refunds, Tax returns, Tax-exempt organizations, Taxation, Teachers, Teaching materials, Technology, Telecommunication, Television industry, Terrorism, Trade, Transportation, Undercover operations, Urban affairs, Urban economic development, Veterans, Veterans' benefits, Water resources, Welfare
Latest Action: 09/29/2008 - Message on Senate action sent to the House. Bill TextTo amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. 9/23/2008--Passed Senate amended. (There are 3 other summaries) Energy Improvement and Extension Act of 2008 - Amends the Internal Revenue Code to extend and modify expiring provisions related to energy production and conservation and to provide for revenue enhancements.Title I: Energy Production Incentives - Subtitle A: Renewable Energy Incentives - (Sec. 101) Extends the tax credit for the production of electricity from renewable resources: (1) through 2009 for wind and refined coal facilities; and (2) through 2010 for closed and open-loop biomass, geothermal or solar energy, small irrigation power, landfill gas, trash combustion, and hydropower facilities. Modifies tax credit rules for refined coal, trash, and biomass [...] show full description
Also tagged in: Budgets, Business, Consumers, Diesel motor, Energy, Energy prices, Excess profits tax, Excise tax, Gasoline, Government trust funds, Highway finance, Income tax, Oil and gas royalties, Petroleum, Petroleum industry, Petroleum reserves, Restrictive trade practices, Tax deductions, Taxation, Transportation
Latest Action: 05/02/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to provide for a suspension of the highway fuel tax, and for other purposes. 5/2/2008--Introduced. Amends the Internal Revenue Code to suspend excise taxes on gasoline and diesel fuels between May 26, 2008, and September 1, 2008. Provides for reimbursement from the Treasury to the Highway Trust Fund for any reduction in Trust Fund receipts resulting from such suspension.Expresses the sense of Congress that: (1) consumers immediately receive the benefit of the reduction in taxes resulting from the suspension of gasoline excise taxes; and (2) transportation motor fuels producers and other dealers take necessary actions to reduce fuel prices to reflect such reduction in taxes. Directs the Federal Trade Commission (FTC) and the Commodities Futures Trading Commission (CFTC) to monitor oil, diesel, and gasoline markets to: (1) ensure that consumers receive the benefit resulting from the suspension of taxes; and (2) prevent [...] show full description
Latest Action: 04/21/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to provide for a temporary reduction in the tax imposed on diesel fuel. 4/21/2008--Introduced. Diesel Tax Parity Act of 2008 - Amends the Internal Revenue Code to reduce the excise tax on diesel fuel for a specified period ending on December 31, 2008. Provides for reimbusement from the Treasury to the Highway Trust Fund for any reduction in Trust Fund receipts resulting from this reduction in diesel fuel taxes.
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