H.R.3864 - American Energy and Infrastructure Jobs Financing Act of 2012

To amend the Internal Revenue Code of 1986 to extend authorities relating to the Highway Trust Fund, to provide revenues for highway programs, and for other purposes. view all titles (3)

All Bill Titles

  • Short: American Energy and Infrastructure Jobs Financing Act of 2012 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to extend authorities relating to the Highway Trust Fund, to provide revenues for highway programs, and for other purposes. as introduced.
  • Short: American Energy and Infrastructure Jobs Financing Act of 2012 as reported to house.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
02/01/12
 
 
 
 
 
 
 

Official Summary

American Energy and Infrastructure Jobs Financing Act of 2012 - Amends the Internal Revenue Code to: (1) extend through September 30, 2016, the expenditure authority for the Highway Trust Fund; and (2) extend through September 30, 2018, current excise tax rates on motor fuels (i.e., gasolin

Official Summary

American Energy and Infrastructure Jobs Financing Act of 2012 - Amends the Internal Revenue Code to:
(1) extend through September 30, 2016, the expenditure authority for the Highway Trust Fund; and
(2) extend through September 30, 2018, current excise tax rates on motor fuels (i.e., gasoline, diesel fuel and kerosene, and special motor fuels), excise taxes on heavy highway vehicles and highway tires, and the use tax on heavy vehicles. Appropriates to the Highway Trust Fund amounts equivalent to the net increase in revenues from onshore and offshore domestic energy leasing and production resulting from the Alaskan Energy for American Jobs Act, the PIONEERS Act, and the Energy Security and Transportation Jobs Act. Terminates the authority for transfers of motor fuel tax revenues to the Mass Transit Account of the Highway Trust Fund. Renames such Account as the Alternative Transportation Account and makes a one-time appropriation to such Account.

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Organizations Supporting H.R.3864

  • None via MapLight at this time.

Organizations Opposing H.R.3864

  • U. S. Chamber of Commerce
  • National Association of Realtors
  • American Public Transportation Association
  • Reconnecting America
  • Smart Growth America
  • American Association of Retired Persons
  • ...and 66 more. See all.


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