American Energy and Infrastructure Jobs Financing Act of 2012

Bill: 112-hr-3864
Sponsor: Rep. Camp, Dave [R-MI-4]
Introduced: 2012-02-01 in the House
Policy area: Taxation
Subjects: Appropriations
Energy revenues and royalties
Government trust funds
Motor fuels
Motor vehicles
Oil and gas
Outdoor recreation
Public transit
Roads and highways
Sales and excise taxes
Transportation programs funding
Water quality

Summary:
action_date: 2012-02-01
text: 
American Energy and Infrastructure Jobs Financing Act of 2012 - Amends the Internal Revenue Code to: (1) extend through September 30, 2016, the expenditure authority for the Highway Trust Fund; and (2) extend through September 30, 2018, current excise tax rates on motor fuels (i.e., gasoline, diesel fuel and kerosene, and special motor fuels), excise taxes on heavy highway vehicles and highway tires, and the use tax on heavy vehicles.
 
Appropriates to the Highway Trust Fund amounts equivalent to the net increase in revenues from onshore and offshore domestic energy leasing and production resulting from the Alaskan Energy for American Jobs Act, the PIONEERS Act, and the Energy Security and Transportation Jobs Act. 
 
Terminates the authority for transfers of motor fuel tax revenues to the Mass Transit Account of the Highway Trust Fund. Renames such Account as the Alternative Transportation Account and makes a one-time appropriation to such Account.

action_date: 2012-02-09
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
American Energy and Infrastructure Jobs Financing Act of 2012 - Amends the Internal Revenue Code to: (1) extend through September 30, 2016, the expenditure authority for the Highway Trust Fund; and (2) extend through September 30, 2018, current excise tax rates on motor fuels (i.e., gasoline, diesel fuel and kerosene, and special motor fuels), excise taxes on heavy highway vehicles and highway tires, and the use tax on heavy vehicles.
 
Appropriates to the Highway Trust Fund amounts equivalent to the net increase in revenues from onshore and offshore domestic energy leasing and production resulting from the Alaskan Energy for American Jobs Act, the PIONEERS Act, and the Energy Security and Transportation Jobs Act. 
 
Terminates the authority for transfers of motor fuel tax revenues to the Mass Transit Account of the Highway Trust Fund. Renames such Account as the Alternative Transportation Account and makes a one-time appropriation to such Account.


Legislative actions:
action_date: 2012-02-09
text: Placed on the Union Calendar, Calendar No. 276.
action_date: 2012-02-09
text: Committee on Transportation discharged.
action_date: 2012-02-09
text: Committee on Transportation discharged.
action_date: 2012-02-09
text: Reported by the Committee on Ways and Means. H. Rept. 112-396, Part I.
action_date: 2012-02-09
text: Reported by the Committee on Ways and Means. H. Rept. 112-396, Part I.
action_date: 2012-02-03
text: Ordered to be Reported by the Yeas and Nays: 20 - 17.
action_date: 2012-02-03
text: Committee Consideration and Mark-up Session Held.
action_date: 2012-02-02
text: Referred to the Subcommittee on Highways and Transit.
action_date: 2012-02-01
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2012-02-01
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2012-02-01
text: Introduced in House
action_date: 2012-02-01
text: Introduced in House