S.1200 - A bill entitled the "Alcohol Fuels Regulatory Simplification Act of 1979".96th Congress (1979-1980)
|Sponsor:||Sen. Bayh, Birch [D-IN] (Introduced 05/22/1979)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 05/22/1979 Referred to Senate Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: S.1200 — 96th Congress (1979-1980)All Information (Except Text)
Introduced in Senate (05/22/1979)
Amends the Internal Revenue Code to permit distilled spirits plants to be established solely for producing, processing, storing, using, and distributing distilled spirits exclusively for fuel use. Authorizes the Secretary of the Treasury to exempt such distilled spirits plants from the requirements of the Internal Revenue Code pertaining to distilled spirits, wines, and beers (except requirements pertaining to the payment of the excise tax) when necessary to facilitate the production of fuel.
Permits distilled spirits to be withdrawn free of tax from the bonded premises of a distilled spirit plant exclusively for fuel use. Prohibits distilled spirits to be withdrawn, used, sold, or disposed of for any purpose other than fuel use. Specifies that the term "distilled spirits" does not include distilled spirits produced from petroleum, natural gas, or coal.