[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 304 Introduced in Senate (IS)]







104th CONGRESS
  1st Session
                                 S. 304

To amend the Internal Revenue Code of 1986 to repeal the transportation 
              fuels tax applicable to commercial aviation.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             January 31 (legislative day, January 30), 1995

   Mr. Santorum (for himself, Mr. Bryan, Mr. Gorton, and Ms. Moseley-
Braun) 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 transportation 
              fuels tax applicable to commercial aviation.

    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''.

SEC. 2. REPEAL OF COMMERCIAL AVIATION FUEL TAX.

    (a) In General.--Section 4092(b) of the Internal Revenue Code of 
1986 (relating to no exemption from certain taxes on fuel used in 
commercial aviation) is amended by striking ``attributable to'' and all 
that follows to the end and inserting ``attributable to the Leaking 
Underground Storage Tank Trust Fund financing rate imposed by such 
section. For purposes of the preceding sentence, the term `commercial 
aviation' means any use of an aircraft other than in noncommercial 
aviation (as defined in section 4041(c)(4)).''
    (b) Conforming Amendment.--Section 6427(l)(4) of the Internal 
Revenue Code of 1986 (relating to no refund of certain taxes on fuel 
used in commercial aviation) is amended by striking ``attributable to'' 
and all that follows to the end and inserting ``attributable to the 
Leaking Underground Storage Tank Trust Fund financing rate imposed by 
such section.''
    (c) Effective Date.--The amendments made by this section shall take 
effect on October 1, 1995.
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