US Congress Senate Bill 1994 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on August 5 2015 - 25% progression, died in committee
Action: 2015-08-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

TRAFFIC Relief Act Tax Relief And #FixTheTrustFund For Infrastructure Certainty Act of 2015 This bill amends the Internal Revenue Code to phase in: (1) an increase of the excise tax rate on gasoline beginning in 2016 until such rate is 34.3 cents per gallon in calendar years beginning after 2018, and (2) a similar increase to 40.3 cents per gallon for diesel fuel and kerosene. The rates are to be adjusted for inflation for calendar years after 2019. The bill phases in increases in allocations of fuel excise tax amounts to the Mass Transit Account of the Highway Trust Fund for calendar years beginning in 2015. Such increased allocations are to be adjusted for inflation for calendar years beginning after 2019. The bill makes permanent the increase in the refundable portion of the child tax credit and the increase in the earned income tax credit for families with three or more qualifying children. The earned income tax credit is also modified to: (1) allow an increase in such credit for individuals with no qualifying children, (2) revise tax credit eligibility rules for married individuals living apart and qualifying children claimed by another family member, and (3) repeal the denial of such credit for taxpayers with excess investment income.

TRAFFIC Relief Act Tax Relief And #FixTheTrustFund For Infrastructure Certainty Act of 2015

Sen. Thomas Carper [D-DE]

Sen. Richard Durbin [D-IL]

Date	Chamber	Action
2015-08-05	Senate	Read twice and referred to the Committee on Finance.

HB680 (Related) 2015-02-03 - Referred to the House Committee on Ways and Means.
SB1012 (Related) 2015-04-20 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/1994/all-info
Text	https://www.congress.gov/114/bills/s1994/BILLS-114s1994is.pdf