Congress Approves Tax Fairness Updates For Liquid Natural Gas

Congress has taken an important step to advance cleaner transport with the introduction of new, fairer taxation for natural gas. The 'LNG Excise Tax Equalization Act of 2013' is designed to equalize the discrepancy between taxation of diesel and liquefied natural gas (LNG). Currently, both are taxed at the same federal rate of 24.3 cents...

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