Summary: H.R.2953 — 100th Congress (1987-1988)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Reported to House with amendment(s) (09/30/1988)

(Reported to House from the Committee on the Judiciary with amendment, H. Rept. 100-1019)

Amends the Federal judicial code to prohibit States from: (1) imposing a higher tax assessment ratio upon natural gas transmission property than is imposed upon other commercial and industrial property; (2) collecting an ad valorem property tax on natural gas transmission property at a tax rate that exceeds the rate applicable to commercial and industrial property in the same assessment jurisdiction; and (3) imposing any other tax, or increasing the rate or removing exemptions from any tax, that discriminates against a natural gas company subject to the jurisdiction of the Federal Energy Regulatory Commission.

Grants Federal district courts concurrent jurisdiction (without regard to the amount in controversy or the citizenship of the parties) to enjoin, suspend, restrain, or set aside such discriminatory tax treatment. Permits relief only if the ratio of assessed value to true market value of natural gas transmission property exceeds by at least five percent that of other commercial and industrial property in the taxing jurisdiction.

Expresses the sense of the Congress that any savings accrued by reason of the enactment of this Act should be passed on to consumers.