[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 2415 Introduced in Senate (IS)]







105th CONGRESS
  2d Session
                                S. 2415

To amend the Internal Revenue Code of 1986 to reduce the tax on beer to 
                          its pre-1991 level.


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                   IN THE SENATE OF THE UNITED STATES

                             July 31, 1998

 Mr. Santorum 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 reduce the tax on beer to 
                          its pre-1991 level.

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

SECTION 1. REPEAL OF 1990 TAX INCREASE ON BEER.

    (a) In General.--Paragraph (1) of section 5051(a) of the Internal 
Revenue Code of 1986 (relating to imposition and rate of tax on beer) 
is amended by striking ``$18'' and inserting ``$9''.
    (b) Floor Stock Refunds.--
            (1) In general.--If--
                    (A) before the date of the enactment of this Act, 
                tax has been imposed under section 5051 of the Internal 
                Revenue Code of 1986 on any beer, and
                    (B) on such date such beer is held by a dealer and 
                has not been used and is intended for sale,
        there shall be credited or refunded (without interest) to the 
        person who paid such tax (hereafter in this subsection referred 
        to as the ``taxpayer'') an amount equal to the excess of the 
        tax paid by the taxpayer over the amount of such tax which 
        would be imposed on such beer had the taxable event occurred on 
        such date.
            (2) Time for filing claims.--No credit or refund shall be 
        allowed or made under this subsection unless--
                    (A) claim therefor is filed with the Secretary of 
                the Treasury before the date which is 6 months after 
                the date of the enactment of this Act, and
                    (B) in any case where beer is held by a dealer 
                (other than the taxpayer) on such enactment date--
                            (i) the dealer submits a request for refund 
                        or credit to the taxpayer before the date which 
                        is 3 months after such enactment date, and
                            (ii) the taxpayer has repaid or agreed to 
                        repay the amount so claimed to such dealer or 
                        has obtained the written consent of such dealer 
                        to the allowance of the credit or the making of 
                        the refund.
            (3) Dealer.--For purposes of this subsection, the terms 
        ``dealer'' and ``held by a dealer'' have the respective 
        meanings given to such terms by section 6412 of such Code.
            (4) Certain rules to apply.--Rules similar to the rules of 
        subsections (b) and (c) of section 6412 of such Code shall 
        apply for purposes of this subsection.
    (c) Effective Date.--The amendment made by subsection (a) shall 
take effect on the date of the enactment of this Act.
                                 <all>