Search Results: keywords:"transportation fuels"

  • H. R. 9009 — To amend the Internal Revenue Code of 1986 to provide a gasoline tax holiday.
    Status:Introduced in House
    Words:561

    H.R. 9009, known as the "Gas Prices Relief Act of 2024," proposes a temporary suspension of the gasoline tax. The bill sets the gasoline tax rate to zero from its enactment until January 1, 2025, and ensures that related trust fund accounts are compensated for the tax suspension through...

    Simple Explanation

    In this bill, the government wants to stop charging the tax on gasoline for a little while, so people can save money when they buy fuel to drive their cars. They also want to make sure the money usually collected from this tax is replaced from a different pot of money so nothing is missing.

  • S. 510 — To amend the Internal Revenue Code of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportation fuels, and for other purposes.
    Status:Introduced in Senate
    Words:1,145

    S. 510, also known as the "Financing Our Energy Future Act," aims to amend the Internal Revenue Code of 1986 by expanding the publicly traded partnership ownership structure to include energy power generation projects and transportation fuels. The bill introduces several...

    Simple Explanation

    This bill wants to make it easier for companies that make energy or fuel, like solar power or biofuels, to get special tax help, like a reward, for being more environmentally friendly starting in 2026.