A bill to revise the Inland Waterways Trust Fund financing rate.

Bill: 113-s-2955
Sponsor: full_name: Sen. Casey, Robert P., Jr. [D-PA]
Introduced: 2014-11-20
Policy area: Taxation
Subjects: Government trust funds

Marine and inland water transportation

Motor fuels

Sales and excise taxes
Latest action: action_date: 2014-11-20
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2014-11-20
action_desc: Introduced in Senate
text: <p>Amends the Internal Revenue Code to increase the Inland Waterways Trust Fund financing rate to 29 cents per gallon. </p>

tv_txt: II 113th CONGRESS 2d Session S. 2955 IN THE SENATE OF THE UNITED STATES November 20, 2014 Mr. Casey (for himself, Mr. Alexander , Ms. Klobuchar , Mr. Harkin , and Mr. Franken ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To revise the Inland Waterways Trust Fund financing rate.

1. Revision to the Inland Waterways Trust Fund financing rate (a) In general Subparagraph (A) of section 4042(b)(2) of the Internal Revenue Code of 1986 is amended to read as follows: (A) The Inland Waterways Trust Fund financing rate is 29 cents per gallon. . (b) Effective date The amendment made by this section shall apply to uses during calendar quarters beginning more than 60 days after the date of the enactment of this Act.