H.R. 5979 (97th): Railroad Cost Recovery and Retirement Fund Act of 1982

Introduced:
Mar 30, 1982 (97th Congress, 1981–1982)
Sponsor:
Rep. Robin Beard Jr. [R-TN6]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on March 30, 1982, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 30, 1982
Cosponsors
none
Committees

House Energy and Commerce

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the Internal Revenue Code of 1954 for the purpose of recovering Federal costs incurred in providing services, facilities and financial assistance to railroads, and to provide a new source of funding for the Railroad Retirement Fund.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/30/1982--Introduced.
Railroad Cost Recovery and Retirement Fund Act of 1982 -
Title I - Tax on Fuel Used In Freight Transportation by Railroad
Imposes a tax on any liquid used as a fuel during any calendar quarter in the transportation of freight by railroad. Increases the rate of such tax by specified increments through fiscal year 1985. Earmarks the proceeds of such tax for use in financing any deficit which would otherwise occur in the Railroad Retirement Fund.
Title II - Study of Aids to Railroads
Requires the Secretary of Transportation and the Secretary of the Treasury to undertake a study to identify and quantify all forms of Federal financial aid or assistance to railroads engaged in the transportation of freight. Authorizes appropriations.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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