Provision in short-term highway bill extension will end disparity in the way some alternative fuels are taxed
UPS® (NYSE:UPS), a leading global logistics provider, applauds the U.S. Congress for passing legislative language in today’s short-term highway extension equalizing the federal excise tax for liquefied natural gas (LNG) and propane with their counterparts, diesel and gasoline. This federal tax disparity for LNG and propane is perhaps the greatest disincentive to converting large commercial trucking fleets to run on alternative fuels.