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US SB1111
Bill
AI Summary
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Creates new Internal Revenue Code Section 6434 authorizing Treasury payments to persons who remove indelibly dyed diesel fuel or kerosene from terminals, equal to the fuel tax previously paid under Section 4081
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Applies to "eligible indelibly dyed diesel fuel or kerosene" defined as fuel on which Section 4081 tax was previously paid (and not refunded) and which qualifies for the Section 4082(a) tax exemption
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Establishes civil penalties under Section 6675 for excessive claims filed under the new dyed fuel payment provision
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Takes effect 180 days after enactment, applying to eligible fuel removed on or after that date
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Introduced March 25, 2025 by Senator Johnson with Senator Baldwin as cosponsor; referred to the Committee on Finance
Legislative Description
A bill to amend the Internal Revenue Code of 1986 to allow for payments to certain individuals who dye fuel, and for other purposes.
Taxation
Last Action
Read twice and referred to the Committee on Finance.
3/25/2025