To amend the Internal Revenue Code of 1986 to credit the Highway Trust Fund with the full amount of fuel taxes, to combat fuel tax evasion, and for other purposes.
Latest action · Mar 12, 2004 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 12, 2004
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to repeal various provisions allowing for reductions in the excise tax on certain alcohol fuel mixtures. Allows taxpayers to apply the income tax credit for alcohol products used as fuel against their excise tax liability. Repeals provisions limiting the amount of alcohol fuel tax receipts that shall be transferred to the Highway Trust Fund. Provides that the amount of such receipts that shall be appropriated to the Fund shall include amounts equivalent to the excise tax credits allowed for alcohol fuel mixtures.
Exempts certain mobile machinery from the excise tax on heavy trucks sold at retail, the use tax on highway vehicles, and the tax on tires. Makes changes to certain administrative provisions of the excise tax on gasoline, diesel fuel, and kerosene (taxable fuels), including revisions concerning: (1) the tax on aviation-grade kerosene; (2) registration of vendors of taxable fuels; (3) penalties for failure to register or report information on taxable fuels; (4) the authority of the Internal Revenue Service to inspect books and records of fuel vendors; (5) mechanical dyeing of diesel fuel and kerosene; and (6) claims for refunds and credits of fuel excise taxes.
Revises tax rules relating to ultimate vendors of taxable fuels for purposes of claiming tax refunds. Revises the excise tax on tires.
Treats bonds issued for certain transportation facilities as tax-exempt facility bonds.
Limits the depreciation period for computer software that is leased to a tax-exempt entity. Disallows certain tax losses resulting from leases of property to tax-exempt entities.
Requires an appraisal for non-inventory motor vehicles, boats, and aircraft that are claimed as a charitable deduction. Revises rules for documenting noncash charitable contributions in excess of $500. Sets forth rules for the charitable contribution deduction of patents and other intellectual property.
Authorizes the Secretary of the Treasury to contract with collection agencies to collect unpaid Federal taxes. Allows a civil action against collection agencies, but not against the United States, for unauthorized collection activities.
Allows sport franchises an amortization deduction for certain intangibles, including goodwill. Allows a 15- and 20-year recovery period respectively for the depreciation of gas utility property and electric utility transmission and distribution plant grading costs. Increases from 15 to 100 percent the amount of the continuing levy on payments to Federal vendors for unpaid taxes.
Cosponsors
Members who signed on, in the order they did.
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Mar 12, 2004 |
| House | Transportation and Infrastructure Committee | Exchange of letters Mar 15, 2004Exchange of letters Mar 18, 2004Exchange of letters Apr 20, 2004Exchange of letters May 20, 2004Exchange of letters Aug 2, 2004Exchange of letters Aug 16, 2004Exchange of letters Sep 14, 2004 |
Actions 2
Everything that happened, newest first.
- Mar 12, 2004Introduced in House
- Mar 12, 2004Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3971 | Highway Reauthorization Tax Act of 2004 | Related bill | Mar 23, 2004 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to credit the Highway Trust Fund with the full amount of fuel taxes, to combat fuel tax evasion, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Administrative procedure
- Affiliated corporations
- Agricultural machinery
- Agriculture and Food
- Aircraft
- Airports
- Alcohol as fuel
- Armed Forces and National Security
- Automobile tires
- Aviation fuels
- Boats and boating
- Bridges
- Business records
- Charitable contributions
- Civil actions and liability
- Claims
- Collection of accounts
- Commerce
- Computer software
- Consumer credit
- Contracts
- Copyright
- Corporate philanthropy
- Credit cards
- Crime and Law Enforcement
- Customs administration
- Damages
- Defense contracts
- Defense procurement
- Department of the Treasury
- Depreciation and amortization
- Diesel motor
- Directories
- Dyes and dyeing
- Economics and Public Finance
- Electric power production
- Electric utilities
- Electronic data interchange
- Electronic government information
- Energy
- Excise tax
- Farmers
- Finance and Financial Sector
- Fines (Penalties)
- Foreign Trade and International Finance
- Freight
- Gas companies
- Gasoline
- Government contractors
- Government Operations and Politics
- Government paperwork
- Government service contracts
- Government trust funds
- Governmental investigations
- Highway finance
- Highway use tax
- Identification devices
- Imports
- Infrastructure
- Intangible property
- Intellectual property
- Interest
- Intermodal transportation
- Law
- Lease and rental services
- Leases
- Liability (Law)
- Limitation of actions
- Loans
- Losses
- Machinery
- Military and naval supplies
- Motor vehicles
- Patents
- Petroleum
- Petroleum pipelines
- Petroleum refineries
- Public utilities
- Railroad freight operations
- Road construction
- Sales tax
- Science, Technology, Communications
- Service industries
- Sports and Recreation
- Subcontractors
- Subsidies
- Surety and fidelity
- Tankers
- Tax administration
- Tax credits
- Tax deductions
- Tax evasion
- Tax exemption
- Tax penalties
- Tax rates
- Tax refunds
- Tax returns
- Tax simplification
- Tax-exempt organizations
- Tax-exempt securities
- Taxation
- Trade secrets
- Trademarks
- Transportation and Public Works
- Transportation engineering
- Trucking
- Trucks
- Tunnels
- Valuation
Text 1
Each version as it was printed, newest first.
- Mar 12, 2004Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.