H.R.309 - Gas Tax Replacement Act of 2015114th Congress (2015-2016)
|Sponsor:||Rep. Huffman, Jared [D-CA-2] (Introduced 01/13/2015)|
|Committees:||House - Ways and Means; Energy and Commerce|
|Latest Action:||House - 01/16/2015 Referred to the Subcommittee on Energy and Power. (All Actions)|
This bill has the status Introduced
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Summary: H.R.309 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (01/13/2015)
Gas Tax Replacement Act of 2015
Amends the Internal Revenue Code to: (1) repeal the excise taxes on gasoline and diesel fuels; (2) add a carbon dioxide equivalent rate to the tax on crude oil and petroleum products; and (3) impose an new excise tax on the carbon content of methanol, ethanol, and biodiesel produced in the United States and entered into the United States for consumption, use, or warehousing.
Requires the Administrator of the Environmental Protection Agency (EPA) to send to the Internal Revenue Service (IRS) and make public a report on the total life-cycle emissions of carbon dioxide for gasoline, diesel fuel, biofuel, and other regulated fuels.