[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1393 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                S. 1393

To amend the Internal Revenue Code of 1986 to provide for the permanent 
        extension of the incentives for alcohol used as a fuel.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            November 6, 1997

  Mr. Dorgan (for himself, Mr. Daschle, Mr. Johnson, and Mr. Conrad) 
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 provide for the permanent 
        extension of the incentives for alcohol used as a fuel.

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

SECTION 1. PERMANENT EXTENSION OF INCENTIVES FOR ALCOHOL USED AS A 
              FUEL.

    (a) Fuel Tax Rate Reductions.--
            (1) Section 4041(b)(2) of the Internal Revenue Code of 1986 
        is amended by striking subparagraph (C).
            (2) Section 4041(k) of such Code is amended by striking 
        paragraph (3).
            (3) Section 4081(c) of such Code is amended by striking 
        paragraph (8).
            (4) Section 4091(c) of such Code is amended by striking 
        paragraph (5).
    (b) Refunds.--Section 6427(f) of the Internal Revenue Code of 1986 
is amended by striking paragraph (4).
    (c) Income Tax Credit.--Section 40(e)(1) of the Internal Revenue 
Code of 1986 is amended to read as follows:
            ``(1) In general.--This section shall not apply to any sale 
        or use for any period during which the rates of tax under 
        section 4081(a)(2)(A) are 4.3 cents per gallon.''
    (d) Conforming Amendments to Tariff Schedule.--
            (1) The effective period column of the heading 9901.00.50 
        of the Harmonized Tariff Schedule of the United States (19 
        U.S.C. 3007) is amended to read as follows: ``The rate for 
        articles described in this heading shall not apply during any 
        period during which the rates of tax under section 
        4081(a)(2)(A) of the Internal Revenue Code of 1986 are 4.3 
        cents per gallon.''
          (2) The effective period column of the heading 9901.00.52 of 
        such Schedule is amended to read as follows: ``The rate for 
        articles described in this heading shall not apply during any 
        period during which the rates of tax under section 
        4081(a)(2)(A) of the Internal Revenue Code of 1986 are 4.3 
        cents per gallon.''
    (e) Effective Date.--The amendments made by this section shall take 
effect on the date of enactment of this Act.
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