H.R.7117 - National Freight Mobility Infrastructure Act110th Congress (2007-2008)
|Sponsor:||Rep. Smith, Adam [D-WA-9] (Introduced 09/26/2008)|
|Committees:||House - Transportation and Infrastructure; Ways and Means|
|Latest Action:||09/27/2008 Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. (All Actions)|
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Subject — Policy Area:
- Transportation and Public Works
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Summary: H.R.7117 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (09/26/2008)
National Freight Mobility Infrastructure Act - Directs the Secretary of Transportation to establish a program to award grants, on a competitive basis, to states and designated entities for projects to improve the efficiency of freight mobility in the United States.
Establishes the National Freight Mobility Infrastructure Fund to carry out projects under this Act.
Amends the Internal Revenue Code to impose a tax on taxable ground transportation of property equal to 1% of the fair market value of such transportation.
Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to direct the Secretary of the Treasury to charge and collect a freight mobility customs fee.
Requires deposit into the Fund of amounts equivalent to: (1) the tax imposed on taxable ground transportation of property; and (2) freight mobility customs fees.