S1111119th CongressWALLET

A bill to amend the Internal Revenue Code of 1986 to allow for payments to certain individuals who dye fuel, and for other purposes.

Sponsored By: Senator Ron Johnson

Introduced

Summary

Provides refunds for federal tax on indelibly dyed diesel and kerosene removed from terminals. Under the text, the Secretary would pay, without interest, an amount equal to the tax previously paid on eligible indelibly dyed diesel or kerosene when a claimant shows the fuel meets the bill's criteria for removal from a terminal, and the bill makes conforming changes to related tax-code sections and applies to removals 180 days after enactment.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Refund for businesses removing dyed fuel

If enacted, you could get paid back the federal excise tax you previously paid on indelibly dyed diesel or kerosene. To qualify, you must have removed the dyed fuel from a terminal. The fuel must have had section 4081 tax paid and be exempt under section 4082(a). Payments would be made without interest and apply to fuel removed on or after 180 days after enactment. Excessive or false claims could face civil penalties.

Sponsors & CoSponsors

Sponsor

Ron Johnson

WI • R

Cosponsors

  • Sen. Baldwin, Tammy [D-WI]

    WI • D

    Sponsored 3/25/2025

Roll Call Votes

No roll call votes available for this bill.

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