This bill would create a tax 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 subject to federal fuel taxes but is now exempt from taxation. The reimbursement would equal the amount of tax that was originally paid on that fuel. The legislation would take effect 180 days after the bill is signed into law. The bill includes conforming changes to existing tax code provisions and establishes penalties for people who make excessive or improper claims under this new program.
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