[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 752 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 752

 To amend the Internal Revenue Code of 1986 to repeal the increase in 
  tax on fuel used in commercial aviation which is scheduled to take 
                       effect on October 1, 1995.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 31, 1995

   Mr. Collins of Georgia (for himself, Ms. Dunn of Washington, Mrs. 
   Myrick, Mr. Clinger, Mr. Cardin, Mr. English of Pennsylvania, Mr. 
Parker, Mr. Talent, Mr. Linder, Mr. Kingston, Mr. Bunning of Kentucky, 
 Mr. Solomon, Mr. Hastert, Mr. Mineta, Mr. Shuster, Mr. Oberstar, Mr. 
    Duncan, Mr. Fawell, Mr. Quinn, and Mr. Ramstad) 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 repeal the increase in 
  tax on fuel used in commercial aviation which is scheduled to take 
                       effect on October 1, 1995.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Commercial Aviation Fuel Tax Repeal 
Act of 1995''.

SEC. 2. REPEAL OF SCHEDULED INCREASE IN TAX ON FUEL USED IN COMMERCIAL 
              AVIATION.

    (a) In General.--The first sentence of section 4092(b) of the 
Internal Revenue Code of 1986 (relating to exemptions) is amended by 
striking ``is attributable to--'' and all that follows and inserting 
``is attributable to the Leaking Underground Storage Tank Trust Fund 
financing rate imposed by such section.''
    (b) Conforming Amendments.--
            (1) Paragraph (4) of section 6427(l) of such Code is 
        amended by striking ``is attributable to--'' and all that 
        follows and inserting ``is attributable to the Leaking 
        Underground Storage Tank Trust Fund financing rate imposed by 
        such section.''
            (2) Section 13245 of the Omnibus Budget Reconciliation Act 
        of 1993 is hereby repealed.
    (c) Effective Date.--The amendments made by this section shall take 
effect on September 30, 1995.
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