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Bill

Bill

S 1628

Improving Access to Nutrition Act of 2025

119th Congress Introduced by Richard Blumenthal and 7 co-sponsors

Bill S 1628 exempts cranes from the petroleum business tax, reducing costs for construction and logistics firms, boosting profitability and potentially creating jobs.

Introduced in Senate
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WeVote Research Nonpartisan
Bill Summary · S 1628

Summary of Bill S 1628: Exemption of Cranes from Petroleum Business Tax

Bill Overview

  • Bill Number: S 1628
  • Title: Relates to exempting cranes from the petroleum business tax
  • Status: Referred to Budget and Revenue
  • Introduced On: January 13, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill S 1628 is to exempt cranes from the petroleum business tax. This legislative measure aims to alleviate financial burdens on businesses that utilize cranes, particularly in construction and heavy lifting operations, by removing the tax liability associated with the use of petroleum products in crane operations.

Key Provisions

  • Exemption from Tax: The bill proposes a specific exemption for cranes from the existing petroleum business tax, which is typically levied on businesses that use petroleum products in their operations.
  • Definition of Cranes: While the bill does not provide a detailed definition within the provided content, it is generally understood that cranes refer to large machines used for lifting and moving heavy materials.

Impact

  • Affected Entities: The exemption would primarily benefit construction companies, logistics firms, and any businesses that rely on cranes for their operations. By reducing operational costs associated with the petroleum business tax, these businesses may experience improved profitability and potentially lower prices for consumers.
  • Economic Implications: The bill could stimulate growth in sectors that heavily depend on crane operations, leading to increased job creation and economic activity in related industries.

Procedural Aspects

  • Legislative Process: As of January 13, 2025, the bill has been referred to the Budget and Revenue committee for further consideration. The outcome of this referral will determine the next steps in the legislative process, including potential amendments, debates, and voting.

Related Legislation

Bill S 1628 is related to several prior-session bills, including:
- A 8008
- A 1740
- A 2171
- A 5739
- S 5922

Additionally, it has a companion bill:
- A 2281

These related bills may provide context or additional legislative efforts aimed at similar goals regarding tax exemptions or support for the construction industry.

Conclusion

Bill S 1628 represents a targeted effort to support businesses that utilize cranes by exempting them from the petroleum business tax. If passed, this legislation could have significant implications for the construction and logistics sectors, promoting economic growth and reducing operational costs. The bill is currently under review by the Budget and Revenue committee, and its progress will be closely monitored by stakeholders in affected industries.

Compiled from official sources — confirm details with the bill’s official record.

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