S 2120 · 94th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to encourage the conservation of gasoline by increasing the Federal excise tax on gasoline and to provide a tax credit which is refundable without regard to liability for am amount equal to the amount of increased tax which would be paid on 350 gallons of gasoline per person.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1975-07-15)
Plain Language Summary
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Increases the Federal excise tax, under the Internal Revenue Code, on gasoline. Provides a tax credit which is refundable without regard to liability for an amount equal to the amount of increased tax which would be paid on 350 gallons of gasoline per person.…
Summarized by Claude AI · Non-partisan · For informational purposes only