Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1563 new people
  • 132 new organizations
  • 575 new photos
  • 1986 job history records for people in our database
  • 516 education records for people in our database
  • 1689 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 8 new people through the revolving door
  • 103 new policy reports
  • 16 new trips to our privately funded travel database
  • 330 new personal financial disclosures
  • 9310 new press releases
  • 12 new town halls
  • 19 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Tax Administration: Diesel Fuel Excise Tax Change

  Premium   Download PDF Now (23 pages)
Report Type Reports and Testimonies
Report Date Jan. 16, 1996
Report No. GGD-96-53
Subject
Summary:

The new diesel fuel excise tax appears to be having the desired effect. Preliminary data from the Internal Revenue Service (IRS) show that diesel excise tax collections rose about $1.2 billion, or 22.5 percent, in 1994 as compared with figures for 1993. This increase does not include additional revenues due to the Omnibus Reconciliation Act of 1993 increase of 4.3 cents per gallon in the tax rate. After adjusting for increased refund and credit amounts, and for a portion of the increase that may be due to economic growth, the Treasury Department estimates that increased compliance alone led to an increase of up to $700 million. IRS has responded to concerns that stakeholders raised about the dyeing requirements. Although the new diesel taxation approach appears to be raising significant additional revenue, those who wish to defraud the system continue to have significant incentives to do so. IRS has detected several scams involving refunds of gasoline or diesel fuel excise taxes. IRS does not know how extensive this fraud may be. Evasion problems may persist because the incentives to evade are so great.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com