Third LNG Tax Equity Bill Introduced in the House
This past week, House Ways and Means Committee Members Mike Kelly (R-PA-03) and Ron Kind (D-WI-03) reintroduced their Powering American Jobs Act (H.R. 2517). Rep. Kelly and Kind introduced similar legislation (HR 5775) in the last Congress. The legislation corrects the LNG excise tax inequity and provides for the definition of a DGE that is preferred by the NGV industry. The legislation also extends the alternative fuel tax credits for two years, and the alternative fuel infrastructure credits for one year.
The Powering American Jobs Act (H.R. 2517) now joins the Alternative Fuel Tax Parity Act (HR 1665), introduced by Rep. Todd Young (R-IN-09), Mac Thornberry (R-TX-13), John Larson (D-CT-01) and Kind, as well as the Energy Production Fairness Act (HR 898), introduced by Rep. Kelly and Kind, as legislation that aims to correct the LNG tax inequity. No hearings have been scheduled for any of these proposals.