[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 159 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 159

To amend the Internal Revenue Code of 1986 to repeal the luxury excise 
                                  tax.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             January 21 (legislative day, January 5), 1993

Mr. Dole (for himself, Mr. Burns, Mr. Durenberger, Mr. Hatch, Mr. Mack, 
 Mr. McCain, Mr. Murkowski, Mr. Nickles, Mr. Shelby, Mr. Simpson, Mr. 
Stevens, Mr. Smith, and Mrs. Kassebaum) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to repeal the luxury excise 
                                  tax.

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

SECTION 1. REPEAL OF LUXURY EXCISE TAX.

    (a) In General.--Chapter 31 of the Internal Revenue Code of 1986 
(relating to retail excise taxes) is amended by striking subchapter A 
and by redesignating subchapters B and C as subchapters A and B, 
respectively.
    (b) Conforming Amendments.--
            (1) The material preceding paragraph (1) of section 4221(a) 
        of the Internal Revenue Code of 1986 is amended by striking 
        ``subchapter A or C of chapter 31'' and inserting ``section 
        4051''.
            (2) Subsection (a) of section 4221 of such Code is amended 
        by striking the last sentence.
            (3) Subsection (c) of section 4221 of such Code is amended 
        by striking ``section 4001(c), 4002(b), 4003(c), 4004(a), or 
        4053(a)(6)'' and inserting ``section 4053(a)(6)''.
            (4) Paragraph (1) of section 4221(d) of such Code is 
        amended by striking ``taxes imposed by subchapter A or C of 
        chapter 31'' and inserting ``the tax imposed by section 4051''.
            (5) Subsection (d) of section 4222 of such Code is amended 
        by striking ``sections 4001(c), 4002(b), 4003(c), 4004(a), 
        4053(a)(6)'' and inserting ``sections 4053(a)(6)''.
            (6) Section 4293 of such Code is amended by striking 
        ``subchapter A of chapter 31,''.
            (7) The table of subchapters for chapter 31 of such Code is 
        amended to read as follows:

                              ``Subchapter A. Special fuels.
                              ``Subchapter B. Heavy trucks and 
                                        trailers.''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on January 1, 1993.

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