This bill creates a new federal payment program for individuals who remove dyed fuel from terminals. Specifically, it allows the IRS to reimburse people who remove indelibly dyed diesel fuel or kerosene that was previously taxed under federal fuel tax laws but is exempt from taxation when dyed. The reimbursement would equal the amount of federal excise tax that was originally paid on the fuel. The bill applies to dyed fuel removed 180 days after the legislation becomes law and includes penalties for excessive or fraudulent claims. The legislation is sponsored by Senators Baldwin and Johnson and was referred to the Senate Committee on Finance.
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