Amends the Internal Revenue Code to provide for a repayment of the oil import fee equal to ten cents per gallon of gasoline used for certain exempt purposes. Defines "exempt use" as: (1) any use by a State or local government; (2) any use by a nonprofit educational institution; (3) any use as supplies for vessels or aircraft; (4) agricultural uses; (5) certain business uses; and (6) use in connection with intercity, local, or school buses.
Introduced in Senate
Referred to Senate Committee on Finance.
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