110 HR 3250 IH: To amend the Internal Revenue Code of 1986 to impose an U.S. House of Representatives 2007-07-31 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 110th CONGRESS 1st Session H. R. 3250 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.

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: E

Tax on Tolls on Federally-Financed Interstate Highways

Sec. 4486. Imposition of tax.

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the Secretary estimates that the aggregate tax imposed on tolls for the use of such highway equals the aggregate amount withdrawn from the Highway Trust Fund for such highway.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.

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.).