[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2965 Introduced in House (IH)]






108th CONGRESS
  1st Session
                                H. R. 2965

To amend the Internal Revenue Code of 1986 to transfer all excise taxes 
   imposed on alcohol fuels to the Highway Trust Fund, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 25, 2003

  Mr. Portman (for himself and Mr. Pomeroy) 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 transfer all excise taxes 
   imposed on alcohol fuels to the Highway 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 ``Highway Trust Fund Recovery Act of 
2003''.

SEC. 2. ALL ALCOHOL FUELS TAXES TRANSFERRED TO HIGHWAY TRUST FUND.

    (a) In General.--Section 9503(b)(4) of the Internal Revenue Code of 
1986 (relating to certain taxes not transferred to Highway Trust Fund) 
is amended--
            (1) by adding ``or'' at the end of subparagraph (C),
            (2) by striking the comma at the end of subparagraph 
        (D)(iii) and inserting a period, and
            (3) by striking subparagraphs (E) and (F).
    (b) Effective Date.--The amendments made by this section shall 
apply to taxes received in the Treasury after September 30, 2003.
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