Sec. 2008. EQUALIZATION OF HIGHWAY TRUST FUND EXCISE TAXES ON LIQUEFIED NATURAL GAS, LIQUEFIED PETROLEUM GAS, AND COMPRESSED NATURAL GAS
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## SEC. 2008 EQUALIZATION OF HIGHWAY TRUST FUND EXCISE TAXES ON LIQUEFIED NATURAL GAS, LIQUEFIED PETROLEUM GAS, AND COMPRESSED NATURAL GAS ###
(a)Liquefied Petroleum Gas ####
(1)In general **[**[26 U.S.C. 4041](/us/usc/t26/s4041)**]** Section 4041(a)(2)(B) of the Internal Revenue Code of 1986 is amended by striking “ and ” at the end of clause (i), by redesignating clause
(ii)as clause (iii), and by inserting after clause
(i)the following new clause: > > ###### “(ii) > > in the case of liquefied petroleum gas, 18.3 cents per energy equivalent of a gallon of gasoline, and” > . ####
(2)Energy equivalent of a gallon of gasoline Section 4041(a)(2) of such Code is amended by adding at the end the following: > > ##### “(C) Energy equivalent of a gallon of gasoline > > For purposes of this paragraph, the term ‘energy equivalent of a gallon of gasoline’ means, with respect to a liquefied petroleum gas fuel, the amount of such fuel having a Btu content of 115,400 (lower heating value). For purposes of the preceding sentence, a Btu content of 115,400 (lower heating value) is equal to 5.75 pounds of liquefied petroleum gas.” > . ###
(b)Liquefied Natural Gas ####
(1)In general **[**[26 U.S.C. 4041](/us/usc/t26/s4041)**]** Section 4041(a)(2)(B) of such Code, as amended by subsection (a)(1), is amended by striking “ and ” at the end of clause (ii), by striking the period at the end of clause
(iii)and inserting “ , and ” and by inserting after clause
(iii)the following new clause: > > ###### “(iv) > > in the case of liquefied natural gas, 24.3 cents per energy equivalent of a gallon of diesel.” > . ####
(2)Energy equivalent of a gallon of diesel Section 4041(a)(2) of such Code, as amended by subsection (a)(2), is amended by adding at the end the following: > > ##### “(D) Energy equivalent of a gallon of diesel > > For purposes of this paragraph, the term ‘energy equivalent of a gallon of diesel’ means, with respect to a liquefied natural gas fuel, the amount of such fuel having a Btu content of 128,700 (lower heating value). For purposes of the preceding sentence, a Btu content of 128,700 (lower heating value) is equal to 6.06 pounds of liquefied natural gas.” > . ####
(3)Conforming amendments Section 4041(a)(2)(B)(iii) of such Code, as redesignated by subsection (a)(1), is amended— #####
(A)by striking “liquefied natural gas,”, and #####
(B)by striking “peat), and” and inserting “peat) and”. ###
(c)Energy Equivalent of a Gallon of Gasoline to Compressed Natural Gas Section 4041(a)(3) of such Code is amended by adding at the end the following: > > ##### “(D) Energy equivalent of a gallon of gasoline > > For purposes of this paragraph, the term ‘energy equivalent of a gallon of gasoline’ means 5.66 pounds of compressed natural gas.” > . ###
(d)Effective Date **[**[26 U.S.C. 4041 note](/us/usc/t26/s4041)**]** The amendments made by this section shall apply to any sale or use of fuel after December 31, 2015. # TITLE III ADDITIONAL PROVISIONS
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Sec. 2008
EQUALIZATION OF HIGHWAY TRUST FUND EXCISE TAXES ON LIQUEFIED NATURAL GAS, LIQUEFIED PETROLEUM GAS, AND COMPRESSED NATURAL GAS
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