Sec. 11201. Credits for untaxed transportation fuels

286 words·~1 min read·/bill/114/hr/22/eas/section-11201

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In this section, the term qualified revenues means any amounts— collected by a State— for the registration of a vehicle that operates solely on a fuel that is not subject to a Federal tax; and not sooner than the second registration period following the purchase of the vehicle; and that do not exceed, for a vehicle described in paragraph (1), an annual amount determined by the Secretary to be equal to the annual amount paid for Federal motor fuels taxes on the fuel used by an average passenger car fueled solely by gasoline.

Subject to paragraph (2), if a State contributes qualified revenues to cover not less than 5 percent of the total cost of a project eligible for assistance under this title, the Federal share payable for the project under this section may be increased by an amount that is— equal to the percent of the total cost of the project from contributed qualified revenues; but not more than 5 percent of the total cost of the project. The authorization of an increased Federal share for a project pursuant to paragraph

(1)expires on September 30, 2023. Before the expiration date of the credit under subsection (b)(2), the Secretary, in coordination with other appropriate Federal agencies, shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report that describes the most efficient and equitable means of taxing motor vehicle fuels not subject to a Federal tax as of the date of submission of the report. The means described in the report under paragraph

(1)shall parallel, as closely as practicable, the structure of other Federal taxes on motor fuels.