S.Amdt. 112

1. Adds SEC. _. TAX ON OIL TRANSPORTED THROUGH THE KEYSTONE XL PIPELINE wherever appropriate

   Adds a section

   Inserted: SEC. _. TAX ON OIL TRANSPORTED THROUGH THE KEYSTONE XL PIPELINE.

   Inserted: (a) In General.--Subsection (c) of section 4611 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

   Inserted: "(3) Increase in the case of oil transported through the keystone xl pipeline.--

   Inserted: "(A) In general.--In the case of any crude oil received at a United States refinery that, at any point before reaching the refinery, travels through any portion of the Keystone XL pipeline, the rate of tax determined under paragraph (1) shall be increased by 8 cents a barrel.

   Inserted: "(B) Keystone xl pipeline.--For purposes of this paragraph, the term 'Keystone XL pipeline' means the pipeline described in section 2(a) of the Keystone XL Pipeline Act.

   Inserted: "(C) Amounts not attributable to trust funds.--For purposes of any other provision of law, the increase under subparagraph (A) shall not be treated as attributable to the Hazardous Substance Superfund financing rate or the Oil Spill Liability Trust Fund financing rate.".

   Inserted: (b) Transfers From General Fund.--

   Inserted: (1) In general.--The Secretary of the Treasury shall from time to time transfer to the Secretary of Energy from the general fund of the Treasury amounts equal to the taxes collected under section 4611(c)(3) of the Internal Revenue Code of 1986.

   Inserted: (2) Use of funds.--

   Inserted: (A) In general.--Amounts transferred under paragraph (1) shall be available without further appropriation only for the Weatherization Assistance Program for Low-Income Persons established under part A of title IV of the Energy Conservation and Production Act (42 U.S.C. 6861 et seq.).

   Inserted: (B) Prioritization.--In carrying out the program described in subparagraph (A) using the amounts described in that subparagraph, the Secretary of Energy shall prioritize funding projects focused on fuel switching.

   Inserted: (c) Effective Date.--The amendment made by subsection (a) shall apply to crude oil received at a United States refinery after the date of the enactment of this Act.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

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As printed