109 HR 996 IH: Transportation Equity Act: A Legacy for Users U.S. House of Representatives 2005-03-01 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
I 109th CONGRESS 1st Session H. R. 996 IN THE HOUSE OF REPRESENTATIVES March 1, 2005 Mr. Thomas 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 provide for the extension of highway-related taxes and trust funds, and for other purposes.
1.
Extension of highway-related taxes and trust funds
(a)
Extension of taxes
(1)
In general
The following provisions of the Internal Revenue Code of 1986 are each amended by striking 2005 each place it appears and inserting 2011: (A)Section 4041(a)(1)(C)(iii)(I) (relating to rate of tax on certain buses). (B)Section 4041(a)(2)(B) (relating to rate of tax on special motor fuels). (C)Section 4041(m)(1) (relating to certain alcohol fuels). (D)Section 4051(c) (relating to termination of tax on heavy trucks and trailers). (E)Section 4071(d) (relating to termination of tax on tires). (F)Section 4081(d)(1) (relating to termination of tax on gasoline, diesel fuel, and kerosene). (G)Section 4481(f) (relating to period tax in effect). (H)Section 4482(c)(4) (relating to taxable period). (I)Section 4482(d) (relating to special rule for taxable period in which termination date occurs). (2)
Floor stocks refunds
Section 6412(a)(1) of such Code (relating to floor stocks refunds) is amended— (A)by striking 2005 each place it appears and inserting 2011, and (B)by striking 2006 each place it appears and inserting 2012. (b)
Extension of certain exemptions
The following provisions of such Code are each amended by striking 2005 and inserting 2011: (1)Section 4221(a) (relating to certain tax-free sales). (2)Section 4483(h) (relating to termination of exemptions for highway use tax). (c)
Extension of deposits into trust funds
(1)
In general
Paragraphs (1) and (2) of subsection (b), and paragraphs (2) and (3) of subsection (c), of section 9503 of such Code (relating to the Highway Trust Fund) are each amended— (A)by striking 2005 each place it appears and inserting 2011, and (B)by striking 2006 each place it appears and inserting 2012. (2)
Motorboat and small-engine fuel tax transfers
(A)
In general
Paragraphs (4)(A)(i) and (5)(A) of section 9503(c) of such Code are each amended by striking 2005 and inserting 2011. (B)
Conforming amendments to land and water conservation fund
Section 201(b) of the Land and Water Conservation Fund Act of 1965 (16 U.S.C. 460l–11(b)) is amended— (i)by striking 2003 and inserting 2009, and (ii)by striking 2004 each place it appears and inserting 2010. (d)
Extension and expansion of expenditures from trust funds
(1)
Highway Trust Fund
(A)
Highway account
Paragraph (1) of section 9503(c) of such Code is amended— (i)in the matter before subparagraph (A), by striking June 1, 2005 and inserting October 1, 2009, (ii)by striking or at the end of subparagraph (J), (iii)by striking the period at the end of subparagraph (K) and inserting , or, (iv)by inserting after subparagraph (K) the following new subparagraph: (L)authorized to be paid out of the Highway Trust Fund under the Transportation Equity Act: A Legacy for Users., and (v)in the matter after subparagraph (L), as added by clause (iv), by striking Surface Transportation Extension Act of 2004, Part V and inserting Transportation Equity Act: A Legacy for Users. (B)
Mass transit account
Paragraph (3) of section 9503(e) of such Code is amended— (i)in the matter before subparagraph (A), by striking June 1, 2005 and inserting October 1, 2009, (ii)by striking or at the end of subparagraph (H), (iii)by inserting or at the end of subparagraph (I), (iv)by inserting after subparagraph (I) the following new subparagraph: (J)Transportation Equity Act: A Legacy for Users,, and (v)in the matter after subparagraph (J), as added by clause (iv), by striking Surface Transportation Extension Act of 2004, Part V and inserting Transportation Equity Act: A Legacy for Users. (C)
Exception to limitation on transfers
Subparagraph (B) of section 9503(b)(6) of such Code is amended by striking June 1, 2005 and inserting October 1, 2009. (2)
Aquatic resources trust fund
(A)
Sport fish restoration account
Paragraph (2) of section 9504(b) of such Code is amended by striking Surface Transportation Extension Act of 2004, Part V each place it appears and inserting Transportation Equity Act: A Legacy for Users . (B)
Boat safety account
Subsection (c) of section 9504 of such Code is amended— (i)by striking June 1, 2005 and inserting October 1, 2009, and (ii)by striking Surface Transportation Extension Act of 2004, Part V and inserting Transportation Equity Act: A Legacy for Users . (C)
Exception to limitation on transfers
Paragraph (2) of section 9504(d) of such Code is amended by striking June 1, 2005 and inserting October 1, 2009. (e)
Effective date
The amendments made by this section shall take effect on the date of the enactment of this Act.
2.
Technical corrections regarding highway-related taxes
(a)
Amendments related to section 301 of the American Jobs Creation Act of 2004
Section 6427 of such Code is amended— (1)by striking subsection (f), and (2)by striking subsection (o) and redesignating subsection (p) as subsection (o). (b)
Amendments related to section 853 of the American Jobs Creation Act of 2004
(1)Subparagraph (C) of section 4081(a)(2) of the Internal Revenue Code of 1986 is amended by striking for use in commercial aviation and inserting for use in commercial aviation by a person registered for such use under section 4101. (2)So much of paragraph (2) of section 4081(d) of such Code as precedes subparagraph (A) is amended to read as follows: (2)
Aviation fuels
The rates of tax specified in clauses (ii) and (iv) of subsection (a)(2)(A) shall be 4.3 cents per gallon—. (c)
Effective date
The amendments made by this section shall take effect as if included in the provisions of the American Jobs Creation Act of 2004 to which they relate.