,,ii ,calendar ,no4 #ej #aadth          
,,congress  #ast ,session  ,s4 #iag     
,report ,no4 #aad-bg ,,in ,,the ,,senate
 ,,of ,,the ,,united ,,states  ,april   
#ad1 #bjae,mr4 ,hatch1 from the         
,committee on ,finance1 reported the    
following original bill2 which was read 
twice and placed on the calendar  ,a    
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to equalize the excise  
tax on liquified petroleum gas and      
liquified natural gas4  #a4 ,short title
 ,this ,act may be cited as the ,,lng   
and ,,lpg ,excise ,tax ,equalization    
,act of #bjae4  #b4 ,equalization of    
excise tax on liquefied petroleum gas   
and liquefied natural gas  7a7          
,liquefied petroleum gas  7#a7 ,in      
general ,subparagraph 7,b7 of section   
#djda7;a77#b7 of the ,internal ,revenue 
,code of #aihf is amended by striking   
and at the end of clause 7i71 by        
redesignating clause 7ii7 as clause     
7iii71 and by inserting after clause 7i7
 the following new clause3  7ii7 in the 

case of liquefied petroleum gas1 #ah4c  
cents per energy equivalent of a gallon 
of gasoline1 and  4  7#b7 ,energy       
equivalent of a gallon of gasoline      
,paragraph 7#b7 of section #djda7;a7 of 
such ,code is amended by adding at the  
end the following3  7,c7 ,energy        
equivalent of a gallon of gasoline ,for 
purposes of this paragraph1 the term    
energy equivalent of a gallon of        
gasoline means1 with respect to a       
liquefied petroleum gas fuel1 the amount
 of such fuel having a ,btu content of  
#aae1djj 7lower heating value74  4  7b7 
,liquefied natural gas  7#a7 ,in general
 ,subparagraph 7,b7 of section          
#djda7;a77#b7 of the ,internal ,revenue 
,code of #aihf1 as amended by subsection
 7a77#a71 is amended by striking and at 
the end of clause 7ii71 by striking the 
period at the end of clause 7iii7 and   
inserting 1 and and by inserting after  
clause 7iii7 the following new clause3  
7iv7 in the case of liquefied natural   
gas1 #bd4c cents per energy equivalent  

of a gallon of diesel4  4  7#b7 ,energy 
equivalent of a gallon of diesel        
,paragraph 7#b7 of section #djda7;a7 of 
such ,code1 as amended by subsection    
7a77#b71 is amended by adding at the end
 the following3  7,d7 ,energy equivalent
 of a gallon of diesel ,for purposes of 
this paragraph1 the term energy         
equivalent of a gallon of diesel means1 
with respect to a liquefied natural gas 
fuel1 the amount of such fuel having a  
,btu content of #abh1gjj 7lower heating 
value74  4  7#c7 ,conforming amendments 
,section #djda7;a77#b77;,b77iii7 of the 
,internal ,revenue ,code of #aihf1 as   
redesignated by subsection 7a77#a71 is  
amended--  7,a7 by striking liquefied   
natural gas11 and  7,b7 by striking     
peat71 and and inserting peat7 and4  7c7
 ,effective ,date ,the amendments made  
by this section shall apply to fuel sold
 or used in calendar quarters beginning 
more than #fj days after the date of the
 enactment of this ,act4  #c4 ,increase 
in continuous levy  7a7 ,in general     

,paragraph 7#c7 of section #fcca7;h7 of 
the ,internal ,revenue ,code of #aihf is
 amended by striking #cj percent and    
inserting #ce percent4  7b7 ,effective  
date ,the amendment made by this section
 shall apply to payments made after #ahj
 days after the date of the enactment of
 this ,act4  ,april #ad1 #bjae,read     
twice and placed on the calendar