[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2385 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 2385

To repeal the provision providing for crediting the increase in excise 
  taxes on certain tobacco products against payments made pursuant to 
                tobacco industry settlement legislation.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 3, 1997

 Mr. Franks of New Jersey (for himself, Mr. Weygand, Mr. Delahunt, Mr. 
 Schumer, Mr. Snowbarger, Mr. Frank of Massachusetts, Mr. Pallone, Mr. 
Meehan, Mr. Visclosky, Mr. Barrett of Wisconsin, Mr. Castle, Mr. Petri, 
Mr. Rothman, Mr. Tierney, Mr. Luther, Mr. Skaggs, Mr. Hansen, Mr. Smith 
 of New Jersey, Mrs. Maloney of New York, and Mr. Lipinski) introduced 
  the following bill; which was referred to the Committee on Ways and 
                                 Means

_______________________________________________________________________

                                 A BILL


 
To repeal the provision providing for crediting the increase in excise 
  taxes on certain tobacco products against payments made pursuant to 
                tobacco industry settlement legislation.

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

SECTION 1. REPEAL OF TOBACCO INDUSTRY SETTLEMENT CREDIT.

    Subsection (k) of section 9302 of the Balanced Budget Act of 1997, 
as added by section 1604(f)(3) of the Taxpayer Relief Act of 1997, is 
hereby repealed.
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