[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2839 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 2839

 To amend the Internal Revenue Code to restore equity and complete the 
transfer of motor fuel excise taxes attributable to motorboat and small 
   engine fuels into the Aquatic Resources Trust Fund, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 23, 2003

   Mr. Shaw introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code to restore equity and complete the 
transfer of motor fuel excise taxes attributable to motorboat and small 
   engine fuels into the Aquatic Resources 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. SHORT TITLE.

    This Act may be cited as the ``Sportfishing and Boating Equity Act 
of 2003''.

SEC. 2. ALL MOTOR FUEL EXCISE TAXES ATTRIBUTABLE TO MOTORBOAT AND SMALL 
              ENGINE FUELS AVAILABLE FOR TRANSFER TO AQUATIC RESOURCES 
              TRUST FUND, ETC.

    (a) In General.--Paragraph (4) of section 9503(b) of the Internal 
Revenue Code of 1986 is amended by striking subparagraph (D) and by 
redesignating subparagraphs (E) and (F) as subparagraphs (D) and (E), 
respectively.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxes received in the Treasury after September 30, 2003.
                                 <all>