s 2 51259 1213848000 false 1213848000 3171 268 110 412251

6/19/2008--Introduced.<br/>Amends the Internal Revenue Code to: (1) modify tax-exempt bond financing rules to exclude from the private business use and private loan financing tests certain property used to transmit electricity or carbon dioxide or to transport crude oil and other petroleum products; and (2) reduce the state volume cap for tax-exempt bonds by the amount of bonds issued for such property.<br/>Describes the following as acts that unreasonably burden and discriminate against interstate commerce, and prohibits states, political subdivisions, and any other taxing authority from: (1) assessing natural gas pipeline property at a value that has a higher ratio to its true market value than the ratio used to assess other commercial and industrial property in the same assessment jurisdiction; (2) levying or collecting a tax on such an assessment; (3) levying or collecting an ad valorem property tax on natural gas pipeline property at a rate that exceeds the rate applicable to commercial and industrial property in the same assessment jurisdiction; or (4) imposing any other tax that discriminates against a natural gas pipeline providing transportation subject to the jurisdiction of the Federal Energy Regulatory Commission.<br/>Grants jurisdiction to U.S. District Courts and provides specified relief for claims of discriminatory taxation of natural gas pipeline property.<br/>Amends federal transportation law to modify the criteria for natural gas pipeline integrity reassessments to require the Secretary of Transportation to issue regulations basing the intervals for reassessments on certain technical data, risk factors, and engineering analysis.<br/>

1213848000 2008-06-19 Fri Nov 07 18:56:03 -0600 2008 introduced 51259 'tax':15 'use':26 '1986':10 'bill':2 'busi':25 'code':8 'test':27 'amend':4 'energi':19 'exclud':12 'exempt':16 'financ':17 'intern':6 'privat':24 'purpos':31 'revenu':7 'certain':13 'transport':20 'tax-exempt':14 'infrastructur':21 61190 false official introduced 51259 1213848000 Thu Jun 19 00:00:00 -0500 2008 161468 B001261 1952-07-21 2462 307 Dirksen Senate Office Building http://barrasso.senate.gov/public/index.cfm?FuseAction=ContactUs.ContactForm 202-224-1724 John 'r':4 'wy':5 'sen':1 'john':2,6,8 'barrasso':3,7,9 M 412251 Barrasso John_Barrasso A. Sen. John Barrasso [R, WY] 1249 N00006236 4193 Republican 202-224-6441 WY John Barrasso 3.53846153846154 http://barrasso.senate.gov introduced 51259 1213848000 Thu Jun 19 00:00:00 -0500 2008 161468 action 51259 1213848000 Thu Jun 19 00:00:00 -0500 2008 161469 Read twice and referred to the Committee on Finance.