[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3084 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 3084

  To make a technical amendment to the Internal Revenue Code of 1986 
  relating to the Boat Safety Account in the Aquatic Resources Trust 
                                 Fund.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 15, 1993

 Mr. Tauzin (for himself, Mr. Studds, Mr. Fields of Texas, Mr. Coble, 
 Mr. Lipinski, Mr. Bateman, and Mr. Laughlin) introduced the following 
      bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To make a technical amendment to the Internal Revenue Code of 1986 
  relating to the Boat Safety Account in the Aquatic Resources Trust 
                                 Fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TECHNICAL AMENDMENT TO INTERNAL REVENUE CODE RELATING TO 
              BOAT SAFETY ACCOUNT.

    Section 9503(c)(4)(A)(ii) of the Internal Revenue Code of 1986 (26 
U.S.C. 9503(c)(4)(A)(ii) is amended--
            (1) in subclause (II) by striking ``No'' and inserting 
        ``Subject to subclause (III), no'', and
            (2) by adding after subclause (II) the following new 
        subclause:
                            ``(III) Determination of increase of amount 
                        in account.--Amounts previously appropriated 
                        from the Aquatic Resources Trust Fund for 
                        carrying out the purposes of section 13106 of 
                        title 46, United States Code, but not 
                        distributed, shall not be treated as amounts in 
                        the Boat Safety Account when determining 
                        whether the amount in the Boat Safety Account 
                        would be increased to a sum that exceeds the 
                        limit established in subclause (II).''.

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