[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2474 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 2474

    To amend the Internal Revenue Code of 1986 to provide a 2-year 
   extension of the tax incentives for the use of alcohol as a fuel.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 12, 1995

 Mr. Durbin (for himself, Mr. Leach, Mr. Poshard, Mr. Johnson of South 
   Dakota, and Mr. Roemer) introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to provide a 2-year 
   extension of the tax incentives for the use of alcohol as a fuel.

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

SECTION 1. EXTENSION OF INCENTIVES FOR ALCOHOL USED AS A FUEL.

    (a) Extension of Income Tax Credit.--Paragraph (1) of section 40(e) 
of the Internal Revenue Code of 1986 (relating to credit for alcohol 
used as fuel) is amended--
            (1) by striking ``2000'' and inserting ``2002'', and
            (2) by striking ``2001'' and inserting ``2003''.
    (b) Fuel Tax Rate Reductions.--The following provisions of such 
Code are each amended by striking ``2000'' and inserting ``2002'':
            (1) Subsections (b)(2)(C) and (k)(3) of section 4041.
            (2) Paragraph (8) of section 4081(c).
            (3) Paragraph (5) of section 4091(c).
    (c) Refunds.--Paragraph (4) of section 6427(f) of such Code is 
amended by striking ``1995'' and inserting ``2002''.
    (d) Conforming Amendments to Tariff Schedule.--
            (1) Heading 9901.00.50 of the Harmonized Tariff Schedule of 
        the United States (19 U.S.C. 3007) is amended in the effective 
        period column by striking ``10/1/2000'' each place it appears 
        and inserting ``10/1/2002''.
          (2) Heading 9901.00.52 of the Harmonized Tariff Schedule of 
        the United States is amended in the effective period column by 
        striking ``10/1/2000'' each place it appears and inserting 
        ``10/1/2002''.
    (e) Effective Date.--The amendments made by this section shall take 
effect on September 30, 1995.
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