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Pay Less at the Pump Act

USA118th CongressHR-3678| House 
| Updated: 5/25/2023
Mike Carey

Mike Carey

Republican Representative

Ohio

Cosponsors (8)
Adrian Smith (Republican)Darin LaHood (Republican)Brad R. Wenstrup (Republican)A. Drew Ferguson (Republican)Carol D. Miller (Republican)Ron Estes (Republican)Kevin Hern (Republican)Nicole Malliotakis (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Pay Less at the Pump Act This bill eliminates the excise tax on domestic crude oil and imported petroleum products (known as the petroleum Superfund tax rate) beginning on January 1, 2023. The bill also eliminates the authority for advances to the Hazardous Substance Superfund from the General Fund of the Treasury. Under current law, the petroleum Superfund tax rate imposed is 16.4 cents per barrel (indexed annually for inflation). Amounts collected from this tax are deposited into the Hazardous Substance Superfund, which finances the remediation of certain environmentally contaminated sites. Further, under current law, the authority for advances to be appropriated to the Hazardous Substance Superfund extends through 2032.
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Timeline
May 25, 2023
Introduced in House
May 25, 2023
Referred to the House Committee on Ways and Means.
Jun 13, 2023

Latest Companion Bill Action

S 118-1942
Introduced in Senate
  • May 25, 2023
    Introduced in House


  • May 25, 2023
    Referred to the House Committee on Ways and Means.


  • June 13, 2023

    Latest Companion Bill Action

    S 118-1942
    Introduced in Senate

Taxation

Related Bills

  • S 118-1942: Pay Less at the Pump Act

Pay Less at the Pump Act

USA118th CongressHR-3678| House 
| Updated: 5/25/2023
Pay Less at the Pump Act This bill eliminates the excise tax on domestic crude oil and imported petroleum products (known as the petroleum Superfund tax rate) beginning on January 1, 2023. The bill also eliminates the authority for advances to the Hazardous Substance Superfund from the General Fund of the Treasury. Under current law, the petroleum Superfund tax rate imposed is 16.4 cents per barrel (indexed annually for inflation). Amounts collected from this tax are deposited into the Hazardous Substance Superfund, which finances the remediation of certain environmentally contaminated sites. Further, under current law, the authority for advances to be appropriated to the Hazardous Substance Superfund extends through 2032.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 25, 2023
Introduced in House
May 25, 2023
Referred to the House Committee on Ways and Means.
Jun 13, 2023

Latest Companion Bill Action

S 118-1942
Introduced in Senate
  • May 25, 2023
    Introduced in House


  • May 25, 2023
    Referred to the House Committee on Ways and Means.


  • June 13, 2023

    Latest Companion Bill Action

    S 118-1942
    Introduced in Senate
Mike Carey

Mike Carey

Republican Representative

Ohio

Cosponsors (8)
Adrian Smith (Republican)Darin LaHood (Republican)Brad R. Wenstrup (Republican)A. Drew Ferguson (Republican)Carol D. Miller (Republican)Ron Estes (Republican)Kevin Hern (Republican)Nicole Malliotakis (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 118-1942: Pay Less at the Pump Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted