Transportation Tax Equity and Fairness Act
The source supplies the latest action, but no lifecycle stage.
Latest action (24 Jul 1998): Referred to the House Committee on Ways and Means.
What this bill does
H.R. 4332, the Transportation Tax Equity and Fairness Act, would amend federal tax law. Specifically, it proposes to repeal a 4.3-cent per gallon motor fuel excise tax that currently applies to railroads and inland waterway transportation.
If enacted, this bill would remove that specific tax for these modes of transportation. However, it would also subject diesel fuel used in trains to an additional tax designated for the Leaking Underground Storage Tank Trust Fund. The bill was introduced in the House of Representatives in July 1998 and referred to the Committee on Ways and Means. Its current status is "Introduced," meaning it has not yet been voted on by the full House or Senate, nor has it been signed into law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Transportation Tax Equity and Fairness Act - Amends the Internal Revenue Code to repeal the special fuel excise tax on railroads and inland waterway transportation. Subjects diesel fuel used in trains to the additional tax for the Leaking Underground Storage Tank Trust Fund.
Timeline
24 Jul 1998
Referred to the House Committee on Ways and Means.
Common questions
- What does H.R. 4332 do?
- H.R. 4332, the Transportation Tax Equity and Fairness Act, would amend federal tax law. Specifically, it proposes to repeal a 4.3-cent per gallon motor fuel excise tax that currently applies to railroads and inland waterway transportation. If enacted, this bill would remove that specific tax for these modes of transportation. However, it would also subject diesel fuel used in trains to an additional tax designated for the Leaking Underground Storage Tank Trust Fund. The bill was introduced in the House of Representatives in July 1998 and referred to the Committee on Ways and Means. Its current status is "Introduced," meaning it has not yet been voted on by the full House or Senate, nor has it been signed into law.
- Has H.R. 4332 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 4332. Check the latest action and official source below.
- Who sponsored H.R. 4332?
- H.R. 4332 was sponsored by Rep. Hulshof, Kenny C. [R-MO-9] (R-MO), with 29 cosponsors.
- What's the latest action on H.R. 4332?
- Referred to the House Committee on Ways and Means. (24 Jul 1998).
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