Congress 109 - HR 5462 - To suspend the Federal highway fuels taxes, to authorize the leasing, development, production, and transportation of oil and gas in and from the Coastal Plain of Alaska, and for other purposes.

Sponsor

Cosponsors

Topics

Alaska Animals Arctic and polar regions Commerce Diesel motor Easements Economics and Public Finance Energy Environmental Protection Excise tax Gas industry Gasoline Government trust funds Groundwater Infrastructure Judicial review Law Natural gas Oil and gas leases Oil pollution Petroleum Petroleum industry Petroleum storage Public Lands and Natural Resources Right-of-way Tax credits Tax exemption Tax rates Tax refunds Transportation and Public Works Underground storage Water pollution control Water Resources Development Wildlife refuges

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code to suspend excise taxes on gasoline, diesel fuel, and kerosene for a 90-day period after the enactment of this Act (suspension period). Provides for the reimbursement of the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund for tax receipts lost during the suspension period.

Directs the Secretary of the Interior, acting through the Bureau of Land Management (BLM), to: (1) establish an oil and gas leasing program in the Coastal Plain, defined as the Arctic National Wildlife Refuge (ANWR) 102 Coastal Plain Area; and (2) conduct two lease sales before October 1, 2010.

Actions

Jun 21, 2006

Executive Comment Requested from Interior.
May 23, 2006

Referred to the Committee on Ways and Means, and in addition to the Committee on Resources, 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.
May 23, 2006

Introduced in House

Amendments

Related Bills