Bipartisan Measure Puts LNG on Equal Footing with Diesel Fuel
Jul 21, 2015The Senate Finance Committee today approved a bipartisan measure authored by U.S. Senators Michael Bennet (D-CO) and Richard Burr (R-NC) to put liquefied natural gas (LNG) on equal footing with diesel fuel under the federal highway excise tax. The measure would allow LNG to compete fairly with diesel by taxing LNG on energy output rather than per gallon. The proposal was included in a tax extenders bill that was approved by the committee in a 23-3 vote.