Alternative Fuel Tax Parity Act

Alternative Fuel Tax Parity Act

This bill equalizes the excise tax on liquefied petroleum gas and liquefied natural gas by establishing a rate of 18.3 cents per energy equivalent of a gallon of gasoline for liquefied petroleum gas and 24.3 cents per energy equivalent of a gallon of diesel for liquefied natural gas. The bill also expands the alternative fuel excise tax credit to include liquefied natural gas used in a motor vehicle or motorboat or sold for use as a fuel in aviation.