[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3250 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3250

 To amend the Internal Revenue Code of 1986 to impose an excise tax on 
 State revenues from tolls first imposed during calendar year 2009, on 
                Federally-financed interstate highways.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 31, 2007

     Mr. English of Pennsylvania (for himself and Mr. Peterson of 
Pennsylvania) 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 impose an excise tax on 
 State revenues from tolls first imposed during calendar year 2009, on 
                Federally-financed interstate highways.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXCISE TAX ON STATE REVENUES FROM TOLLS IMPOSED ON 
              FEDERALLY-FINANCED INTERSTATE HIGHWAYS.

    (a) In General.--Chapter 36 of the Internal Revenue Code of 1986 
(relating to certain other excise taxes) is amended by inserting after 
subchapter D the following new subchapter:

 ``Subchapter E--Tax on Tolls on Federally-Financed Interstate Highways

``Sec. 4486. Imposition of tax.

``SEC. 4486. IMPOSITION OF TAX.

    ``(a) General Rule.--In the case of any toll for the use of any 
Federal-aid interstate highway first imposed during the period 
beginning on January 1, 2009, and ending on December 31, 2009, there is 
hereby imposed an excise tax on the amount received by any State (or 
agency or instrumentality thereof) from such toll.
    ``(b) Amount of Tax.--The amount of the tax imposed by subsection 
(a) shall be an amount equal to the toll.
    ``(c) Limitation.--No tax shall be imposed by subsection (a) on any 
toll for the use of any highway after the date that the Secretary 
estimates that the aggregate tax imposed on tolls for the use of such 
highway equals the aggregate amount withdrawn from the Highway Trust 
Fund for such highway.
    ``(d) Federal-Aid Interstate Highway.--For purposes of this 
section, the term `Federal-aid interstate highway' means any Federal-
aid highway on the Interstate System (as defined in section 101(a) of 
title 23, United States Code) which is funded in whole or in part from 
amounts in the Highway Trust Fund.''.
    (b) Clerical Amendment.--The table of subchapters for chapter 36 of 
such Code is amended by adding at the end the following new item:

     ``subchapter e. tax on tolls on federally-financed interstate 
                              highways.''.

    (c) Effective Date.--The amendments made by this section shall 
apply to tolls imposed after December 31, 2008.

SEC. 2. HIGHWAY TOLL TAX FUNDS MADE AVAILABLE FOR TRADE ADJUSTMENT 
              ASSISTANCE PROGRAMS.

    There are hereby appropriated to the Secretary of Labor amounts 
equivalent to the taxes received in the Treasury under section 4486 of 
the Internal Revenue Code of 1986 (relating to tax on tolls on 
Federally-financed interstate highways) for use in carrying out the 
trade adjustment assistance program under chapter 2 of title II of the 
Trade Act of 1974 (19 U.S.C. 2271 et seq.).
                                 <all>