Dec 11, 2015U.S. Senators Michael Bennet (D-CO) and Bill Cassidy, M.D. (R-LA) introduced the Waterway LNG Parity Act of 2015. This bipartisan bill would ensure that excise taxes on liquefied natural gas (LNG) for marine transportation on the inland waterways are levied at a rate consistent with their energy output relative to diesel and gasoline, respectively. LNG is a cheaper, cleaner, domestic energy source and the current financing mechanism for the inland waterways system puts its use at a disadvantage. This legislation would change the inland waterways financing rate to provide equal treatment within the federal tax code.
Michael Bennet U.S. Senator for ColoradoMenu