Pete Domenici: “The Senate finds that changes made to the collection point of the diesel fuel excise tax made as part of the Omnibus…”

“The Senate finds that changes made to the collection point of the diesel fuel excise tax made as part of the Omnibus Reconciliation Act of 1993 and the Internal Revenue Service regulations implementing such changes have caused economic hardship, created market distortions, and added burdens to users and suppliers of diesel fuel by-- (1) requiring businesses, primarily small entrepreneurs, to invest thousands of dollars in equipment, or choose between taxable and nontaxable users of diesel fuel, in order to comply with the new rules; (2) imposing cumbersome notification requirements for marketers and distributors of diesel fuel and home heating oil; and (3) creating shortages of fuel due to storage tank limitations.”