[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 1092 Introduced in Senate (IS)]







107th CONGRESS
  1st Session
                                S. 1092

To amend the Internal Revenue Code of 1986 to exempt feed truck chassis 
             from excise tax on heavy trucks and trailers.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 22, 2001

   Mr. Gramm 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 exempt feed truck chassis 
             from excise tax on heavy trucks and trailers.

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

SECTION 1. EXEMPTION FOR FEED TRUCK CHASSIS FROM EXCISE TAX ON HEAVY 
              TRUCKS AND TRAILERS.

    (a) In General.--Section 4053(2) of the Internal Revenue Code of 
1986 (relating to feed, seed, and fertilizer equipment) is amended by 
striking subparagraph (E) and inserting the following:
                    ``(E) for any combination of the foregoing, and
        any automobile truck chassis (so primarily designed) to which 
        such body is mounted or permanently affixed.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to sales occurring after the date of the enactment of this Act.
                                 <all>