[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1063 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1063

 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

                             March 2, 2005

   Mr. Shaw (for himself, Mr. Taylor of Mississippi, Mr. Putnam, Mr. 
Boswell, Mr. Ryan of Wisconsin, and Mr. Kind) 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 2005''.

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).
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxes received in the Treasury after September 30, 2005.
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