[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2019 Introduced in Senate (IS)]







108th CONGRESS
  2d Session
                                S. 2019

   To amend the Internal Revenue Code of 1986 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.


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                   IN THE SENATE OF THE UNITED STATES

                            January 22, 2004

 Mr. Breaux (for himself and Mr. Lott) 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 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 2004''.

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

    (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 amendments made by this section shall 
apply to taxes received in the Treasury after September 30, 2003.
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