[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 874 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 874

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 9, 1995

  Ms. Danner 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 commercial aviation fuel 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. REPEAL OF SCHEDULED INCREASE IN TAX ON COMMERCIAL AVIATION 
              FUEL.

    (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        of 1993 is hereby repealed.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.
                                 <all>