[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 644 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 644

 To amend the Internal Revenue Code of 1986 to provide for the deposit 
of the general revenue portion of the motor fuel excise taxes into the 
  Highway Trust Fund and Airport and Airway Trust Fund, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 6, 1997

Mr. LaTourette (for himself, Mr. McCollum, Mr. Gillmor, Mr. Pitts, Mr. 
Petri, Mr. Clement, Mr. Metcalf, Mr. Pease, and Mr. Cramer) 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 for the deposit 
of the general revenue portion of the motor fuel excise taxes into the 
  Highway Trust Fund and Airport and Airway Trust Fund, and for other 
                               purposes.

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

SECTION 1. GENERAL REVENUE PORTION OF HIGHWAY MOTOR FUEL EXCISE TAX 
              REVENUES TO BE DEPOSITED INTO HIGHWAY TRUST FUND.

    (a) In General.--Paragraph (4) of section 9503(b) of the Internal 
Revenue Code of 1986 (relating to certain additional taxes not 
transferred to Highway Trust Fund) is amended to read as follows:
            ``(4) Certain taxes not transferred to highway trust 
        fund.--For purposes of paragraphs (1) and (2), there shall not 
        be taken into account the taxes imposed by--
                    ``(A) section 4041(d),
                    ``(B) section 4081 to the extent attributable to 
                the rate specified in section 4081(a)(2)(B), or
                    ``(C) section 4041 or 4081 to the extent 
                attributable to fuel used in a train.''
    (b) Increased Revenues to Mass Transit Account.--Paragraph (2) of 
section 9503(e) of such Code (relating to transfers to mass transit 
account) is amended by striking ``2 cents'' and inserting ``2.86 
cents''.
    (c) Conforming Amendments.--
            (1) Subparagraph (B) of section 40(e)(1) of such Code is 
        amended by striking ``during which the Highway Trust Fund 
        financing rate under section 4081(a)(2) is not in effect'' and 
        inserting ``during which the rates of tax specified in section 
        4081(a)(2)(A) are not in effect''.
            (2) Paragraph (2) of section 9502(b) of such Code is 
        amended by striking ``(to the extent of 15 cents per gallon)''.
            (3) The last sentence of subparagraph (A) of section 
        9503(c)(2) of such Code is amended by striking ``by taking into 
        account only the Highway Trust Fund financing rate applicable 
        to any fuel'' and inserting ``by taking into account only the 
        portion of the taxes which are deposited into the Highway Trust 
        Fund''.
            (4) Subparagraph (D) of section 9503(c)(4) of such Code is 
        amended by striking ``the Highway Trust Fund financing rate'' 
        and inserting ``so much of the rate specified in section 
        4081(a)(2)(A)(i) as exceeds 4.3 cents per gallon''.
            (5) Subparagraph (B) of section 9503(c)(5) of such Code is 
        amended by striking ``the Highway Trust Fund financing rate'' 
        and inserting ``so much of the rate specified in section 
        4081(a)(2)(A)(i) as exceeds 4.3 cents per gallon''.
            (6) Subparagraph (D) of section 9503(c)(6) of such Code is 
        amended by striking ``the Highway Trust Fund financing rate'' 
        and inserting ``so much of a rate of tax under section 
        4081(a)(2)(A) as exceeds 4.3 cents per gallon''.
            (7) Subsection (f) of section 9503 of such Code is hereby 
        repealed.
    (d) Effective Date.--The amendments made by this section shall 
apply to amounts received in the Treasury after the date of the 
enactment of this Act.

SEC. 2. GENERAL REVENUE PORTION OF AVIATION FUEL EXCISE TAX REVENUES TO 
              BE DEPOSITED INTO AIRPORT AND AIRWAY TRUST FUND.

    (a) In General.--Paragraph (3) of section 9502(b) of the Internal 
Revenue Code of 1986 (relating to transfer to Airport and Airway Trust 
Fund of amounts equivalent to certain taxes) is amended by striking 
``(to the extent attributable to the Airport and Airway Trust Fund 
financing rate)''.
    (b) Conforming Amendment.--Subsection (f) of section 9502 of such 
Code is hereby repealed.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts received in the Treasury after the date of the 
enactment of this Act.
                                 <all>