A bill to reduce the motor fuels tax imposed on methanol produced from natural gas so that the tax on such fuel is imposed on an energy-equivalent basis with the fuel tax imposed on gasoline, diesel fuel, and special motor fuels.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to reduce from nine cents to four and one-half cents per gallon the special fuels excise tax on any liquid at least 85 percent of which consists of methanol produced from natural gas.…