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U.S. Department of Energy
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H. R. 2289: Deficit Reduction Gasoline Surtax Act of 1989. Introduced in the House of Representatives, One Hundred First Congress, First Session, May 9, 1989

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OSTI ID:5340510
H.R. 2289 would amend the Internal Revenue Code of 1986 to increase the excise tax on gasoline by 9 cents per gallon, and would provide that the increase in revenues be used to reduce Federal budget deficits. The bill provides for an excise tax of 8 cents on gasoline mixed with alcohol, an additional 3 cents per gallon tax if the gasoline is later separated from the gasohol, and provides persons using gasoline for noncommercial aviation to recover 6 cents per gallon on gasoline so used. This bill also establishes within the Treasury the Deficit Reduction Trust Fund whose amounts shall be available only for the retirement of outstanding obligations of the United States.
OSTI ID:
5340510
Country of Publication:
United States
Language:
English