Summary: H.R.4000 — 100th Congress (1987-1988)All Information (Except Text)

There is one summary for H.R.4000. Bill summaries are authored by CRS.

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Introduced in House (02/24/1988)

Amends the Internal Revenue Code to exempt from the excise tax on diesel and aviation fuels any sales of fuel for exclusive State or local governmental use. (Under current law, the Secretary of the Treasury is authorized to issue regulations exempting such sales.)

Prohibits the Secretary from requiring reporting or registration in connection with this tax exemption and exempt sales.