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S.3372 - Natural Gas Truck Tax Parity Act of 2016114th Congress (2015-2016)

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Sponsor: Sen. Cassidy, Bill [R-LA] (Introduced 09/21/2016)
Committees: Senate - Finance
Latest Action: Senate - 09/21/2016 Read twice and referred to the Committee on Finance.  (All Actions)

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This bill has the status Introduced

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Summary: S.3372 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.3372. Bill summaries are authored by CRS.

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Introduced in Senate (09/21/2016)

Natural Gas Truck Tax Parity Act of 2016

This bill amends the Internal Revenue Code to reduce the excise tax rate on the retail sale of heavy trucks and trailers by 35% for any automobile truck chassis, automobile truck body, or tractor that is fueled wholly or partially by an alternative fuel.

The term "alternative fuel" means compressed natural gas, liquefied natural gas, liquefied petroleum gas, renewable natural gas, hydrogen, and any liquid whose volume is at least 85% methanol.