Recent U.S. Senate Action on LNG Tax Equity Legislation
This week, Senate Finance Committee Chairman Orrin Hatch (R-UT) replaced the LNG Tax Equity Bill (S.344), also known as the Bennett-Burr bill, with his own identical bill (S.917), which is his right as the Chairman of the Committee. The new bill reflects Sen. Hatch’s support for fixing the LNG tax inequity. The legislation (S. Rept. 114-27) was reported out of Senate Finance Committee and is now on the Senate Calendar. It could in theory be called up to the full Senate for “floor consideration” (debate and vote) at any time. The timing for any Senate floor activity is not certain.