[JPRT 106-2-99]
[From the U.S. Government Publishing Office]




                        [JOINT COMMITTEE PRINT]


 
                          SCHEDULE OF PRESENT
                         FEDERAL EXCISE TAXES
                        (AS OF JANUARY 1, 1999)

                               __________

                         Prepared by the Staff

                                 of the

                      JOINT COMMITTEE ON TAXATION

[GRAPHIC] [TIFF OMITTED] CONGRESS.#13


                             MARCH 29, 1999



                    U.S. GOVERNMENT PRINTING OFFICE
55-512                      WASHINGTON : 1999                   JCS-2-99









                      JOINT COMMITTEE ON TAXATION

                      106th Congress, 1st Session
                                 ------                                
               HOUSE                               SENATE
BILL ARCHER, Texas,                  WILLIAM V. ROTH, Jr., Delaware,
  Chairman                             Vice Chairman
PHILIP M. CRANE, Illinois            JOHN H. CHAFEE, Rhode Island
WILLIAM M. THOMAS, California        CHARLES GRASSLEY, Iowa
CHARLES B. RANGEL, New York          DANIEL PATRICK MOYNIHAN, New York
FORTNEY PETE STARK, California       MAX BAUCUS, Montana

                     Lindy L. Paull, Chief of Staff
               Bernard A. Schmitt, Deputy Chief of Staff
                 Mary M. Schmitt, Deputy Chief of Staff
              Richard A. Grafmeyer, Deputy Chief of Staff

                                  (II)




                            C O N T E N T S

                              ----------                              
                                                                   Page
Introduction.....................................................     1

 I. Excise Taxes Dedicated to Trust Funds.............................2

        A. Excise Taxes Dedicated to Transportation Trust Funds..     2

            1. Highway Trust Fund excise taxes...................     2
                a. Highway motor fuels taxes.....................     2
                b. Retail sales tax on tractors and heavy trucks 
                    and trailers.................................     3
                c. Manufacturers tax on tires for heavy vehicles.     3
                d. Annual heavy vehicle use tax..................     3
            2. Airport and Airway Trust Fund excise taxes........     4
                a. Domestic air passenger excise tax.............     4
                b. International air passenger excise tax........     4
                c. Air cargo transportation excise tax...........     5
                d. Aviation fuels excise taxes...................     5
            3. Inland Waterways Trust Fund excise tax............     5
            4. Harbor Maintenance Trust Fund excise tax..........     6

        B. Excise Taxes Dedicated to Environmental Trust Funds or 
            Designated Funds.....................................     7

            1. Leaking Underground Storage Tank Trust Fund excise 
                tax..............................................     7
            2. Aquatic Resources Trust Fund excise taxes.........     7
                a. Boating Safety Account excise taxes...........     7
                b. Sport Fish Restoration Account excise taxes...     8
            3. Federal Aid to Wildlife Program excise taxes......    10
                a. Bows and arrows excise taxes..................    10
                b. ``Regular'' firearms and ammunition excise 
                    taxes........................................    10
            4. Environmental trust funds financed with revenues 
                from expired excise taxes........................    11
                a. Hazardous Substance Superfund excise taxes....    11
                b. Oil Spill Liability Trust Fund excise tax.....    12
        C. Excise Taxes Dedicated to Health-Related Trust Funds..    12

            1. Black Lung Disability Trust Fund excise taxes.....    12
                a. Coal excise tax...............................    12
                b. Excise taxes on black lung benefit trusts.....    12
            2. Vaccine Injury Compensation Trust Fund excise tax.    13

II. General Fund Excise Taxes........................................14

        A. Major General Fund Excise Taxes.......................    14

            1. Alcohol excise taxes..............................    14
                a. Alcoholic beverage taxes......................    14
                b. Alcohol occupational taxes....................    15
            2. Tobacco excise taxes..............................    15
                a. Excise taxes on tobacco products..............    15
                b. Tobacco products occupational tax.............    17
            3. Communications (telephone) excise tax.............    17

        B. Other General Fund Excise Taxes.......................    17

            1. Excise taxes on rail diesel fuel, inland waterways 
                fuels, and motorboat and small-engine gasoline 
                and special motor fuels..........................    17
            2. Gas guzzler excise tax............................    18
            3. Luxury excise tax on passenger vehicles...........    19
            4. Excise tax on ship passengers' international 
                departures.......................................    19
            5. Excise tax on ozone-depleting chemicals...........    20
            6. Excise taxes on ``non-regular'' firearms..........    21
            7. Wagering excise taxes.............................    21
            8. Excise tax on private foundation net investment 
                income...........................................    22
                a. Domestic foundations..........................    22
                b. Foreign foundations...........................    22
            9. Excise tax on foreign insurance policies..........    22

        C. Miscellaneous Regulatory Excise Taxes.................    22

             1. Excise tax on lobbying expenditures..............    22
             2. Excise tax on certain private foundation 
                activities.......................................    23
             3. Excise tax on political expenditures of section 
                501(c)(3) organizations..........................    24
             4. Excise tax on excess benefit transactions of 
                certain section 501(c)(3) and 501(c)(4) 
                organizations....................................    24
             5. Excise taxes relating to employee pension and 
                benefit plans....................................    25
             6. Excise tax on issues of qualified long-term care 
                insurance contracts..............................    27
             7. Excise taxes on real estate investment trusts and 
                regulated investment companies...................    28
             8. Excise tax on issuers of ``registration-required 
                obligations'' not in registered form.............    28
             9. Excise tax on golden parachute payments..........    28
            10. Excise tax on large group health plans...........    28
            11. Excise tax on ``greenmail''......................    29

III.Information on Federal Excise Tax Receipts and Selected Trust Fund 
    Balances.........................................................30

        A. Background............................................    30

        B. Estimated Federal Excise Tax Receipts, Fiscal Years 
            1998-2003............................................    33

        C. Information on Balances in Selected Federal Trust 
            Funds................................................    37

            Table 1.--Revenues and Outlays for the Highway 
                Account of the Highway Trust Fund, Fiscal Years 
                1998-2009........................................    38
            Table 2.--Revenues and Outlays for the Mass Transit 
                Account of the Highway Trust Fund, Fiscal Years 
                1998-2009........................................    39
            Table 3.--Revenues and Outlays for the Airport and 
                Airway Trust Fund, Fiscal Years 1998-2009........    40
            Table 4.--Revenues and Outlays for the Inland 
                Waterways Trust Fund, Fiscal Years 1998-2009.....    41
            Table 5.--Revenues and Outlays for the Harbor 
                Maintenance Trust Fund, Fiscal Years 1998-2009...    42
            Table 6.--Revenues and Outlays for the Leaking 
                Underground Storage Tank Trust Fund, Fiscal Years 
                1998-2009........................................    43
            Table 7.--Revenues and Outlays for the Aquatic 
                Resources Trust Fund, Fiscal Years 1998-2009.....    44
            Table 8.--Revenues and Outlays for the Hazardous 
                Substance Superfund, Fiscal Years 1998-2009......    45
            Table 9.--Revenues and Outlays for the Oil Spill 
                Liability Trust Fund, Fiscal Years 1998-2009.....    46
            Table 10.--Revenues and Outlays for the Black Lung 
                Disability Trust Fund, Fiscal Years 1998-2009....    47
            Table 11.--Revenues and Outlays for the Vaccine 
                Injury Compensation Trust Fund, Fiscal Years 
                1998-2009........................................    48
Appendices.......................................................    49

        Appendix A. GExcise Tax Rates on Certain Chemicals for 
            the Hazardous Substance Superfund Under Prior Law....    49

        Appendix B. GList of Taxable Substances Subject to the 
            Excise Tax on Certain Imported (Chemical) Substances 
            Under Prior Law......................................    51




                              INTRODUCTION

    This pamphlet,\1\ prepared by the staff of the Joint 
Committee on Taxation, provides a listing of present Federal 
excise taxes and tax rates as of January 1, 1999. The pamphlet 
also provides data on Federal excise tax receipts for fiscal 
years 1998-2003 and information on balances in certain Federal 
Trust Funds. This pamphlet is intended to provide summary 
information on Federal excise taxes for the Congress and the 
public.
---------------------------------------------------------------------------
    \1\ This pamphlet may be cited as follows: Schedule of Present 
Federal Excise Taxes (as of January 1, 1999) (JCS-2-99), March 29, 
1999.
---------------------------------------------------------------------------
    Part I of the pamphlet lists the excise taxes dedicated to 
Trust Funds (transportation trust funds, environmental trust 
funds or designated funds, and health-related trust funds). 
Part II lists the General Fund excise taxes. The listing in 
Parts I and II includes the pertinent sections of the Internal 
Revenue Code and any scheduled changes in tax rates or 
expiration dates. Part II presents data on Federal excise tax 
receipts for fiscal years 1998-2003, and provides information 
on balances in certain Federal Trust Funds financed by excise 
taxes. Appendix A lists excise tax rates on certain chemicals 
for the Hazardous Substance Superfund under prior law, and 
Appendix B lists the taxable substances subject to the 
Superfund excise tax on certain imported chemical substances 
under prior law.


                SCHEDULE OF PRESENT FEDERAL EXCISE TAXES
                         (AS OF JANUARY 1, 1999)
                I. EXCISE TAXES DEDICATED TO TRUST FUNDS
------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
A. Excise Taxes Dedicated to Transportation Trust Funds
 
    1. Highway Trust Fund excise taxes 1
 
        a. Highway motor fuels taxes 2,3,4
 
            Gasoline (sec. 4081)..........  18.3 cents per gallon.
            Diesel fuel and kerosene        24.3 cents per gallon.\5\
             (secs. 4041(a) and 4081).....
            Special motor fuels (secs.      18.3 cents per gallon
             4041(a)(2) and 4041(m))......   generally.\6\
 
\1\ With the exception of 4.3 cents per gallon of the highway motor
  fuels tax rates, the Highway Trust Fund taxes are scheduled to expire
  after September 30, 2005.
\2\ With the exception of liquefied petroleum gas (propane) and
  compressed natural gas, highway motor fuels are subject to an
  additional 0.1-cent-per-gallon rate to fund the Leaking Undergound
  Storage Tank Trust Fund (through March 31, 2005). (See I.B.1., below.)
\3\ Gasoline and diesel fuel that is blended with ethanol or methanol
  derived from renewable sources receives a rate reduction of 5.4 cents
  per gallon (6.0 cents per gallon for methanol), with volume being
  determined by reference to the blended fuel. The 5.4-cents-per-gallon
  and 6-cents-per-gallon rate reductions are based on a blend of 90
  percent gasoline or diesel fuel and 10 percent alcohol. Reductions in
  tax rates are allowed, at proportionally reduced amounts, for 92.3
  percent/7.7 percent and 94.3 percent/5.7 percent blends. ``Neat''
  alcohol fuels comprised of at least 85 percent ethanol or renewable
  source methanol receive the same reduced rates.
Alcohol used in each of these fuels also is eligible for an income tax
  credit of 54 cents per gallon (ethanol) or 60 cents per gallon
  (methanol). The credit is reduced by any excise tax benefits claimed
  on the alcohol.
\4\ A portion of the Highway motor fuels tax rates on fuel that is
  blended with ethanol (e.g., ``gasohol'') and renewable source methanol
  is retained in the General Fund. (See secs. 9503(b)(4) and (b)(5).)
\5\ Fuel used in privately operated, scheduled intercity buses is
  subject to a net Highway Trust Fund rate of 7.3 cents per gallon. This
  fuel also is subject to the 0.1-cent-per-gallon Leaking Undergound
  Storage Tank Fund rate.
\6\ The actual rate for certain of these fuels is determined on an
  energy equivalent basis, as follows:
  Liquefied petroleum gas (propane): 13.6 cents per gallon
  Liquefied natural gas: 11.9 cents per gallon
  Methanol derived from petroleum or natural gas: 9.15 cents per gallon
  Compressed natural gas: 48.54 cents per MCF.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
        b. Retail sales tax on tractors,    12 percent of retail price.
         heavy trucks (over 33,000 lbs.),
         and trailers (over 26,000 lbs.)
         (sec. 4051) \7\..................
 
        c. Manufacturers tax on tires for   40 lbs. or less--no tax.
         heavy vehicles (sec. 4071).......  40-70 lbs.--15 cents/pound
                                             over 40 lbs.
                                            70-90 lbs.--$4.50, plus 30
                                             cents/lb. over 70 lbs.
                                            Over 90 lbs.--$10.50, plus
                                             50 cents/lb. over 90 lbs.
        d. Annual heavy vehicle use tax     Under 55,000 pounds--No tax.
         (sec. 4481) \8\..................  55,000-75,000 pounds--$100
                                             plus $22 per 1,000 pounds
                                             over 55,000.
                                            Over 75,000 pounds--$550.
 
\7\ Weight is determined on ``gross vehicle weight,'' which is the fully
  loaded, certified weight.
\8\ Annual tax: the taxable period is July 1-June 30. Tax liability is
  incurred as of the first month the vehicle is used during the taxable
  period (prorated). Weight is determined on a ``taxable gross weight''
  basis, which is the customary fully loaded weight.
The use tax is reduced by 25 percent for vehicles (1) used exclusively
  in transporting harvested forest products to and from the forested
  site and which are required to be registered for that purpose, or (2)
  registered in Canada or Mexico.
There is an exemption for vehicles used fewer than 5,000 miles on public
  highways during the taxable period (7,500 miles for farm vehicles) and
  for certain local transit buses.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    2. Airport and Airway Trust Fund
     excise taxes \9\
 
        a. Domestic air passenger excise    8 percent of fare plus $2
         tax (sec. 4261(a) and (b)).......   per domestic flight segment
                                             (through September 30,
                                             1999).\10\
        b. International air passenger      $12.20 per arrival and
         excise tax (sec. 4261 (c)).......   $12.20 per departure.\11\
 
\9\ All aviation excise taxes except 4.3 cents per gallon of the taxes
  on aviation fuels are scheduled to expire after September 30, 2007.
  The 4.3-cents-per-gallon fuels tax rates are permanent.
\10\ The ad valorem portion of the rate is scheduled to decline to 7.5
  percent, effective for transportation beginning after September 30,
  1999.
The flight segment portion of the rate will increase to $2.25 per flight
  segment (October 1, 1999-December 31, 1999), to $2.50 (January 1, 2000-
  December 31, 2000), to $2.75 (January 1, 2001-December 31, 2001), and
  to $3 (January 1, 2002-December 31, 2002). Beginning on January 1,
  2003, the $3 flight segment rate will be indexed annually for
  inflation.
Special rules apply to domestic air transportation between Alaska or
  Hawaii and the 48 contiguous States and between Alaska and Hawaii.
  These rules apply a pro-rated ad valorem rate to miles flown over the
  contiguous 48 states and within Alaska or Hawaii, the flight segment
  rate, and a $6.10 rate for the international portion of the flight. As
  enacted in 1997, the international portion rate was $6. This amount is
  indexed annually for inflation, beginning on January 1, 1999.
Flight segments to or from qualified rural airports are subject to a 7.5-
  percent ad valorem rate (i.e., the rate is not phased in), and no
  flight segment rate is imposed.
\11\ As enacted in 1997, the rate was $12 per arrival or departure. This
  amount is indexed annually for inflation, beginning on January 1,
  1999.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
        c. Air cargo transportation excise
         tax
 
            Domestic transportation.......  6.25 percent of the amount
                                             charged.\12\
            International transportation..  No tax.
 
        d. Aviation fuels excise taxes
 
            Commercial aviation fuels.....  4.3 cents per gallon.\13\
            Noncommercial aviation: \14\
                Aviation gasoline.........  19.3 cents per gallon.
                Aviation jet fuel.........  21.8 cents per gallon.
 
    3. Inland Waterways Trust Fund excise
     tax
 
        Tax on diesel fuel and other        20 cents per gallon.\15\
         liquid fuels used by commercial
         cargo vessels on specified inland
         or intra-coastal waterways (sec.
         4042)............................
 
\12\ Tax does not apply to amounts attributable to ``accessorial ground
  services.''
\13\ Commercial aviation fuel is subject to an additional 0.1-cent-per-
  gallon rate through March 31, 2005, to fund the Leaking Underground
  Storage Tank Trust Fund.
\14\ Noncommercial aviation fuels are subject to an additional 0.1-cent-
  per-gallon rate through March 31, 2005, to fund the Leaking
  Underground Storage Tank Trust Fund.
\15\ Fuels used by vessels on the inland waterways system also are
  subject to a permanent 4.3-cents-per-gallon General Fund rate and a
  0.1-cent-per-gallon Leaking Underground Storage Tank Trust Fund rate
  (through March 31, 2005).


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    4. Harbor Maintenance Trust Fund
     excise tax
 
        Tax on use of harbors (ports)       0.125 percent of value of
         (sec. 4461)......................   commercial cargo loaded or
                                             unloaded at U.S. ports;
                                             exceptions for cargo
                                             donated for overseas use
                                             and for cargo shipped
                                             between U.S. mainland and
                                             Alaska (except for crude
                                             oil), Hawaii, and/or U.S.
                                             possessions, as well as
                                             cargo shipped between
                                             Alaska, Hawaii, and/or U.S.
                                             possessions.\16\
 
\16\ The U.S. Supreme Court has ruled that the harbor maintenance excise
  tax is unconstitutional as applied to exported cargo. See U.S. v. U.S.
  Shoe Corp., 523 U.S. 360, (1998). In a subsequent decision, the U.S.
  Court of International Trade held the tax also to be unconstitutional
  as applied to passengers departing the United States. See Princess
  Cruises, Inc. v. U.S., Slip Op. 98-113 (Ct. Int'l. Trade, Aug. 5,
  1998), amending 15 F.Supp. 2d 801 (June 9, 1998).


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
B. Excise Taxes Dedicated to Environmental Trust Funds or Designated
 Funds
 
    1. Leaking Underground Storage Tank
     Trust Fund excise taxes 17,18
 
        Gasoline (sec. 4081(a)(2)(B)).....  0.1 cent per gallon
                                             (including commercial and
                                             noncommercial aviation
                                             use).
        Other motor fuels (secs. 4041(d),   0.1 cent per gallon
         4081(a)(2)(B), and 4091(b)(2))...   (including fuels used in
                                             motor vehicles, motorboats,
                                             trains, or aviation, but
                                             excluding liquefied
                                             petroleum gas and
                                             compressed natural gas).
        ``Qualified'' methanol and ethanol  0.05 cent per gallon.
         fuels (sec. 4041(b)(2))..........
        Fuels used in inland waterways      0.1 cent per gallon.
         (sec. 4042)......................
 
    2. Aquatic Resources Trust Fund excise
     taxes \19\
 
        a. Boating Safety Account excise
         taxes
 
\17\ This tax is scheduled to expire after March 31, 2005. The tax is
  administered as an ``add-on'' rate to other motor fuels taxes.
\18\ Fuels that are blended with ethanol and renewable source methanol
  (e.g., ``gasohol'') receive a similar Leaking Underground Storage Tank
  Trust Fund tax reduction to that provided for under the Highway Trust
  Fund motor fuels excise taxes. (See footnote 3, above.)
\19\ Motorboat fuels are subject to the full 18.4-cents-per-gallon rate
  that is imposed on gasoline and special motor fuels generally. 0.1
  cent per gallon of the excess rate over that shown below is dedicated
  to the Leaking Underground Storage Tank Trust Fund; the balance is
  retained in the General Fund.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
            Gasoline and special motor      11.5 cents per gallon
             fuels used in noncommercial     (through Sept. 30, 2001);
             motorboats (secs. 4081 and      13 cents per gallon (from
             4041(a)(2))..................   Oct. 1, 2001 through Sept.
                                             30, 2003; and 13.5 cents
                                             per gallon (from Oct. 1,
                                             2003 through Sept. 30,
                                             2005). Transfers to account
                                             may not exceed $70 million
                                             per year, subject to a
                                             maximum $70 million
                                             unobligated account
                                             balance.
 
        b. Sport Fish Restoration Account
         excise taxes \20\
 
            Gasoline and special motor      Excess of 11.5 cents per
             fuels used in noncommercial     gallon (through Sept. 30,
             motorboats (secs. 4081 and      2001), 13 cents per gallon
             4041(a)(2))..................   (Oct. 1, 2001 through Sept.
                                             30, 2003), and 13.5 cents
                                             per gallon Oct. 1, 2003
                                             through Sept. 30, 2005)
                                             over the sum of the amounts
                                             transferred to the Boating
                                             Safety Account and $1
                                             million per year of
                                             motorboat fuels taxes
                                             transferred to the Land and
                                             Water Conservation Fund.
 
\20\ In addition to the tax revenue sources listed, the Sport Fish
  Restoration Account receives revenues from import duties on fishing
  tackle and on yachts and pleasure craft.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
            Gasoline used in small-engine   11.5 cents per gallon
             outdoor power equipment         (through Sept. 30, 2001);
             (nonbusiness use) (secs. 4081   13 cents per gallon (Oct.
             and 9503(c)(5)...............   1, 2001 through Sept. 30,
                                             2003), and 13.5 cents (Oct.
                                             1, 2003 through Sept. 30,
                                             2005).\21\
 
            Sport fishing equipment (sec.   10 percent of manufacturer's
             4161(a)).....................   price; except 3 percent for
                                             electric outboard motors
                                             and certain fish finders
                                             (tax on fish finders
                                             limited to $30 per item).
 
\21\ These revenues are to be used to carry out purposes of the Coastal
  Wetlands Planning, Protection and Restoration Act (as in effect on the
  date of enactment of the Transportation Equity Act for the 21st
  Century) (sec. 9504(b)(2)(B)).


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    3. Federal Aid to Wildlife Program
     excise taxes \22\
 
        a. Bows and arrows exise taxes
 
            Bows having a draw weight of    11 percent of manufacturer's
             10 lbs. or more (sec.           price.
             4161(b)).....................
            Shafts, points, nocks, and      12.4 percent of
             vanes for arrows 18 or more     manufacturer's price.
             in length (or suitable for
             use with a taxable bow, if
             shorter) (sec. 4161(b))......
 
        b. ``Regular'' firearms and
         ammunition exise taxes (sec.
         4181) \23\
 
            Pistols and revolvers.........  10 percent of manufacturer's
                                             price.
            Firearms other than pistols     11 percent of manufacturer's
             and revolvers................   price.
            Ammunition (shells and          11 percent of manufacturer's
             cartridges)..................   price.
 
\22\ Revenues from these taxes (secs. 4161(b) and 4181) are
  appropriated, in the fiscal year following receipt, to the Federal Aid
  to Wildlife Program for support of State wildlife programs.
\23\ The section 4181 taxes do not apply if tax is paid under section
  5811. (See II.B.6., below.) The taxes also do not apply to these
  articles when purchased by the Department of Defense with appropriated
  funds. Annual Federal licensing fees also are imposed on
  manufacturers, importers, and dealers in regular firearms under the
  Gun Control Act of 1968 (18 U.S.C. sec. 923).


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    4. Environmental trust funds financed
     with revenues from expired exise
     taxes
 
        a. Hazardous Substance Superfund
         excise taxes 24,25
                                                   Prior law rates
 
            Crude oil tax (sec.             9.7 cents per barrel for
             4611(c)(2)(A))...............   domestic crude oil and
                                             imported petroleum
                                             products.
            Tax on feedstock chemicals      Tax ranged from $0.22 to
             (sec. 4661)..................   $4.87 per ton generally.
                                             (See Appendix A for
                                             specific tax rates for
                                             chemicals under prior law.)
            Tax on certain imported         Generally taxed at the rates
             substances (sec. 4671) \26\..   applicable to taxable
                                             chemicals under sec. 4661
                                             used as materials in the
                                             manufacture of the imported
                                             substance. If importer did
                                             not furnish adequate
                                             information to Treasury to
                                             determine tax rate, the
                                             rate was 5 percent of the
                                             value of such imported
                                             substance on which a tax is
                                             imposed under sec. 4611 or
                                             sec. 4661. (See Appendix B
                                             for list of taxable
                                             substances under prior
                                             law.)
 
\24\ The Superfund also received revenues from the environmental income
  tax on corporations (sec. 59A), equal to 0.12 of the modified
  alternative minimum taxable income of the corporation in excess of
  $2,000,000. This tax applied generally to taxable years beginning
  after December 31, 1986, and before January 1, 1996.
\25\ The Superfund excise taxes (and the corporate environmental income
  tax) expired after December 31, 1995.
\26\ The Secretary of the Treasury was required to add any substance to
  the list if the Secretary determined that taxable chemicals
  constituted more than 50 percent of the weight or value of the
  materials used to produce such substance (determined on the basis of
  the predominant method of production); the Secretary could remove only
  those substances which met neither test (sec. 4672). (See Appendix B
  for items initially listed in section 4672 and those additional items
  listed by the Secretary of the Treasury under prior law.)


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
        b. Oil Spill Liability Trust Fund
         excise tax
 
            Crude oil (sec. 4611(c)(2)(B)   5 cents per barrel.
             \27\.........................
 
C. Excise Taxes Dedicated to Health-Related Trust Funds
 
    1. Black Lung Disability Trust Fund
     excise taxes
 
        a. Coal excise tax (sec. 4121)      $1.10 per ton for coal from
         \28\.............................   underground mines and 55
                                             cents per ton for coal from
                                             surface mines (but no more
                                             than 4.4 percent of the
                                             coal's selling price).\29\
 
        b. Excise taxes on black lung
         benefit trusts...................
 
            Self-dealing (sec. 4951)......  Initial taxes.--10 percent
                                             on the self-dealer on the
                                             amount of self-dealing; 2\1/
                                             2\-percent tax on trustee.
                                            Additional taxes.--If not
                                             corrected, a tax of 100
                                             percent is imposed on self
                                             dealer; 50-percent tax on
                                             trustee.
 
\27\ Tax expired after December 31, 1994 (i.e., on January 1, 1995).
\28\ A U.S. district court has ruled that the coal tax is
  unconstitutional as applied to exports. See Ranger Fuel Corp. v. U.S.
  (No. 3:98 cv 370 (E.D. Va., Dec. 28, 1998)). The Department of Justice
  notified the Congress on March 10, 1999, that it will not appeal this
  decision.
\29\ Tax does not apply to lignite. On the earlier of January 1, 2014,
  or any January 1 after 1981 on which there is no balance of repayable
  advances to the Trust Fund and no unpaid interest on such advance, the
  tax rates are scheduled to return to pre-1982 rates (i.e., 50 cents/
  ton for underground mines and 25 cents/ton for surface mines, limited
  to 2 percent of the price).


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
            Taxable expenditures (sec.      Initial taxes.--10-percent
             4952)........................   tax on the trust on the
                                             amount of the taxable
                                             expenditure; 2.5-percent
                                             tax on trustee.
                                            Additional taxes.--If not
                                             corrected, a tax of 100
                                             percent is imposed on the
                                             fund; 50-percent tax on
                                             trustee.
            Excess contributions to         5-percent tax on the
             benefit trust (sec. 4953)....   contributor on excess
                                             contributions to the trust.
 
    2. Vaccine Injury Compensation Trust
     Fund excise tax
 
          Excise tax on vaccines
         containing:
            diphtheria toxoid; tetanus
           toxoid; pertussis bacteria,
           extracted or partial cell
           bacteria, or specific pertussis
           antigens; polio virus; any
           vaccine against--
              measles,
              mumps,
              rubella,
              hepatitis B,
              chicken pox,
              rotavirus
              gastroenteritis;
            any HIB vaccine (secs. 4131,    All at 75 cents per dose.30,
             4132)........................   31
 
\30\ Combinations of vaccines are taxed at the sum of the combined rates
  for each taxable vaccine.
\31\ The Vaccine Injury Compensation Trust Fund receives ``net
  revenues'' from this excise tax rather than gross receipts. Net
  revenues equal approximately 75 percent of gross receipts and reflect
  a reduction for the income tax effects of imposing the excise tax. The
  other Trust Funds discussed in this pamphlet are funded with gross
  receipts from the dedicated excise taxes. (See III.A., below.)


                      II. GENERAL FUND EXCISE TAXES
------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
A. Major General Fund Excise Taxes
 
    1. Alcohol excise taxes
 
        a. Alcoholic beverage taxes
 
            Distilled spirits (sec. 5001).  $13.50 per proof gallon.
            Wine (sec. 5041): \32\
                Not more than 14 percent    $1.07 per wine gallon.
                 alcohol..................
                More than 14 but not more   $1.57 per wine gallon.
                 than 21 percent alcohol..
                More than 21 but not more   $3.15 per wine gallon.
                 than 24 percent alcohol
                 \33\.....................
                Artificially carbonated     $3.30 per wine gallon.
                 wines....................
                Champagne and other         $3.40 per wine gallon.
                 sparkling wines..........
                Hard apple cider \34\.....  $0.226 per wine gallon.\35\
            Beer (sec. 5051)..............  $18 per barrel (31 gallons)
                                             generally.\36\
 
\32\ Domestic wineries having aggregate annual production not exceeding
  250,000 gallons are entitled to a tax credit equal to 90 cents per
  gallon (the amount of the wine tax increase enacted in the 1990 Act)
  on the first 100,000 gallons of wine (other than champagne and other
  sparkling wines) removed in a calendar year. The credit is reduced by
  1 percent for each 1,000 gallons produced in excess of 150,000
  gallons.
\33\ Wines containing more than 24 percent alcohol are taxed as
  distilled spirits.
\34\ Hard apple cider is defined as apple cider otherwise classified as
  a still wine, the alcohol content of which is at least \1/2\ of 1
  percent but less than 7 percent by volume.
\35\ ``Small'' domestic wineries, defined as under the general small
  winery exception, receive a credit of 5.6 cents per gallon of cider
  produced. Production of hard cider and other wines eligible for the
  small winery credit is aggregated in applying the per-winery volume
  limits of the credit. (This credit produces the same effective tax
  rate on apple cider produced by small wineries as is imposed on other
  still wines having an alcohol content of not more than 14 percent).
\36\ $18 per barrel equals approximately 58 cents per gallon. The tax is
  $7 per barrel (approximately 22.6 cents per gallon) on the first
  60,000 barrels removed each year by domestic brewers producing less
  than 2,000,000 barrels of beer during the calendar year.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
        b. Alcohol occupational taxes \37\
 
            Producers: \38\
                Distilled spirits and       $1,000 per year, per
                 wines (sec. 5081)........   premise.
                Brewers (sec. 5091).......  $1,000 per year, per
                                             premise.
            Wholesale dealers (sec. 5111):  $500 per year.
             Liquors, wines, or beer......
            Retail dealers (sec. 5121):     $250 per year.
             Liquors, wines, or beer......
            Nonbeverage use of distilled    $500 per year.
             spirits (sec. 5131)..........
            Industrial use of distilled     $250 per year.
             spirits (sec. 5276)..........
 
    2. Tobacco excise taxes
 
        a. Excise taxes on tobacco
         products \38\a


 
                                                1999                 2000 and 2001         2002 and thereafter
 
            Cigarettes (sec.
             5701(b)):
                Small cigarettes      $12/                      $17/                     $19.50/
                 (weighing no more    1000 \39\                 1000 \40\                1000.\41\
                 than 3 lbs. per
                 thousand)..........
                Large cigarettes      $25.20/                   $35.70/                  $40.95/
                 (weighing more than  1000                      1000                     1000.
                 3 lbs. per
                 thousand) \42\.....
 


    \37\ July 1-June 30 is the taxable year for these 
occupational taxes.
    \38\ Tax is $500 per year per premise for businesses with 
gross receipts of less than $500,000 in the preceding taxable 
year. Certain small alcohol fuel producers are exempt from the 
tax. (See secs. 5081(c) and 5181(c)(4).)
    \38\a On January 1, 2000 and January 1, 2002, a 
one-time ``floor stocks'' tax, equal to the increase in the tax 
rates, will be imposed on tobacco products held for sale beyond 
the point in the product distribution chain where the tax is 
imposed.
    \39\ Rate equals 24 cents per pack of 20 cigarettes.
    \40\ Rate equals 34 cents per pack of 20 cigarettes.
    \41\ Rate equals 39 cents per pack of 20 cigarettes.
    \42\ Large cigarettes (measuring more than 6\1/2\ inches in 
length) are taxed at the rate prescribed for small cigarettes, 
counting each 2\3/4\ inches (or fraction thereof) as one 
cigarette.

------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
 


 
                                                1999                 2000 and 2001         2002 and thereafter
 
            Cigars (sec. 5701(a)):
 
                Small cigars          $1.125/                   $1.594/                  $1.828/
                 (weighing no more    1000                      1000                     1000.
                 than 3 lbs. per
                 thousand)..........
                Large cigars          12.75% of mfgr. sales     18.063% of mfgr. sales   20.719% of mfgr. sales
                 (weighing more than   price, but not over $30/  price, but not over      price, but not over
                 3 lbs. per                                      $42.50/                  $48.75/
                 thousand)..........    1000                      1000                     1000.
            Snuff, chewing tobacco,
             pipe tobacco, and
             ``roll-you-own''
             tobacco:
                Snuff (sec.           36 cents/lb.              51 cents/lb.             58.5 cents/lb.
                 5701(e)(1))........
                Chewing tobacco       12 cents/lb.              17 cents/lb.             19.5 cents/lb.
                 (sec. 5701(e)(2))..
                Pipe tobacco (sec.    67.5 cents/lb.            95.67 cents/lb.          $1.0969/lb.
                 5701(f))...........
                ``Roll-your-own''     no tax                    95.67 cents/lb.          $1.0969/lb.
                 tobacco (sec.
                 5701(g))...........
 
            Cigarette papers and
             tubes:
 
                Cigarette papers      0.75 cents/pkg. of more   1.06 cents/pkg. of 50    1.22 cents/pk. of
                 (sec. 5701(c)) \43\   than 25 papers\44\        papers or part thereof   papers or part
                                                                                          thereof.
                Cigarette tubes       1.5 cents/50 tubes or     2.13 cents/50 tubes or   2.44 cents/50 tubes or
                 (sec. 5701(d)) \45\   part thereof              part thereof             part thereof.
 


    \43\ Cigarette papers measuring more than 6\1/2\ inches in 
length are taxed at the rate prescribed, counting each 2\3/4\ 
inches (or fraction thereof) as one cigarette paper.
    \44\ Tax does not apply to a book or set of cigarette 
papers containing 25 or fewer papers.
    \45\ Cigarette tubes measuring more than 6\1/2\ inches in 
length are taxed at the rate prescribed, counting each 2\3/4\ 
inches (or fraction thereof) as one cigarette tube.

------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
        b. Tobacco products occupational
         tax
 
            Manufacturers or exporters of   $1,000 per year, per
             taxable tobacco products        premise.\46\
             (including cigarette papers
             and tubes) (sec. 5731).......
 
    3. Communications (telephone) excise
     tax
 
        Local and toll (long-distance)      3 percent of amount paid.
         telephone and telewriter services
         (sec. 4251)......................
 
B. Other General Fund Excise Taxes
 
    1. Excise taxes on rail diesel fuel,
     inland waterways fuel, and motorboat
     and small engine gasoline and special
     motor fuels \47\
 
        Rail diesel fuel (sec. 4041(a))...  4.3 cents per gallon.\48\
        Inland waterways fuel (sec.         4.3 cents per gallon.\49\
         4042(b)(2)(C))...................
        Motorboat and small engine          1999-2001: 6.8 cents per
         gasoline and special fuels (secs.   gallon
         4081 and 4041(a)(2)).............  2002-2003: 5.3 cents per
                                             gallon
                                            2004 and thereafter: 4.8
                                             cents per gallon. \50\
 
\46\ Tax is $500 per year, per premise for businesses with gross
  receipts of less than $500,000 in the preceding taxable year.
\47\ A portion of the highway motor fuels tax on gasoline and diesel
  fuel that is blended with ethanol or renewable source methanol also is
  retained in the General Fund. This portion equals 3.1 cents per gallon
  for a 90 percent gasoline/10 percent ethanol blend (e.g.,
  ``gasohol''). The amount varies with the portion of alcohol and other
  motor fuel in the mixture. (See secs. 9503(b)(4) and (b)(5).
\48\ Rail diesel fuel also is subject to a 0.1-cent-per-gallon rate for
  the Leaking Underground Storage Tank Trust Fund. (See I.B.1., above.)
\49\ Inland Waterways fuel also is subject to separate rates to finance
  the Inland Waterways Trust Fund and the Leaking Underground Storage
  Tank Trust Fund. (See I.A.3. and I.B.1., above.)
\50\ Rates shown represent the excess of 18.4 cents per gallon over the
  amounts transferred to the Aquatic Resources Trust Fund, the Land and
  Water Conservation Fund and the Leaking Underground Storage Tank Trust
  Fund. Years are Federal fiscal years.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    2. Gas guzzler excise tax (sec. 4064)
 
        Fuel economy rating (in miles per            Per vehicle
         gallon):
 
            At least 22.5.................             no tax
            At least 21.5 but less than                $1,000
             22.5.........................
            At least 20.5 but less than                 1,300
             21.5.........................
            At least 19.5 but less than                 1,700
             20.5.........................
            At least 18.5 but less than                 2,100
             19.5.........................
            At least 17.5 but less than                 2,600
             18.5.........................
            At least 16.5 but less than                 3,000
             17.5.........................
            At least 15.5 but less than                 3,700
             16.5.........................
            At least 14.5 but less than                 4,500
             15.5.........................
            At least 13.5 but less than                 5,400
             14.5.........................
            At least 12.5 but less than                 6,400
             13.5.........................
            Less than 12.5................              7,700


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    3. Luxury excise tax on passenger
     vehicles (sec. 4001) \51\
 
        1999..............................  6 percent of retail price in
                                             excess of $36,000.\52\
 
        2000..............................  5 percent of retail price in
                                             excess of indexed
                                             threshold.
        2001..............................  4 percent of retail price in
                                             excess of indexed
                                             threshold.
        2002..............................  3 percent of retail price in
                                             excess of indexed
                                             threshold.
        2003 and thereafter...............  no tax.
 
    4. Excise tax on ship passengers'       $3 per passenger on a
     international departures (sec. 4471)    covered voyage.\53\
 
\51\ The tax generally applies only for the first retail sale of the
  item. Special rules apply in computing the tax on imported items,
  leases of items, and parts and accessories for passenger vehicles. In
  addition, passenger vehicles sold to the Federal Government or a State
  or local government for use exclusively in police, fire fighting, or
  similar activities, generally are exempt from tax.
\52\ The $36,000 tax threshold amount represents the 1993-enacted base
  threshold of $30,000, as indexed for inflation in $2,000 (rounded)
  increments.
\53\ A ``covered voyage'' includes travel on (1) a commercial passenger
  vessel which extends over one or more nights, or (2) a commercial
  vessel transporting passengers engaged in gambling aboard the vessel
  beyond the territorial waters of the U.S. (i.e., more than 3 miles
  from shore) during which the passengers embark or disembark the vessel
  in the U.S. The tax does not apply to a voyage on any vessel owned or
  operated by the United States or a State or any agency or political
  subdivision, nor does it apply to a voyage of less than 12 hours
  between two U.S. ports. A passenger vessel is any vessel having a
  berth or stateroom accommodations for more than 16 passengers.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    5. Tax on ozone-depleting chemicals
     (sec. 4681)


 
                                                       Base tax amount
                                        Year           (per pound) \55\
 
        The tax is determined   1999 \56\..........  $7.15
         as the product of a
         base tax amount and
         the specific
         chemical's \54\
         ``ozone depleting
         factor''.............
 


 
                                                                Ozone
                                            Chemical          depleting
                                                               factor
 
                                     CFC-11...............          1.0
                                     CFC-12...............          1.0
                                     CFC-13...............          1.0
                                     CFC-111..............          1.0
                                     CFC-112..............          1.0
                                     CFC-113..............          0.8
                                     CFC-114..............          1.0
                                     CFC-115..............          0.6
                                     CFC-211..............          1.0
                                     CFC-212..............          1.0
                                     CFC-213..............          1.0
                                     CFC-214..............          1.0
                                     CFC-215..............          1.0
                                     CFC-216..............          1.0
                                     CFC-217..............          1.0
                                     Halon-1211...........          3.0
                                     Halon-1301...........         10.0
                                     Halon-2402...........          6.0
                                     Carbon tetrachloride.          1.1
                                     Methyl Chloroform....          0.1
 
 

    \54\ Ozone-depleting chemicals which are diverted or 
recovered in the United States as part of a recycling process 
(and not as part of the original manufacturing or production 
process) and certain exported chemicals are exempt from tax.
    \55\ For chemicals used as propellants in metered-dose 
inhalers, no tax is imposed.
    \56\ For years after 1999, the base tax amount is increased 
by $0.45 per pound, per year.

------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    6. Excise taxes on ``non-regular''
     firearms \57\
 
        Occupational taxes (sec. 5801):
         \58\
            Importers and manufacturers...  $1,000 per year, per
                                             premise.\59\
            Dealers.......................  $500 per year, per premise.
        Transfer taxes (sec. 5811):
            Generally.....................  $200 per transfer.
                Certain concealable         $5 per transfer.
                 weapons (sec. 5845(e))...
            Making tax (sec. 5821)........  $200 per transfer.
 
    7. Wagering excise taxes
 
        Certain wagers \60\ (sec. 4401)...  2 percent of amount of
                                             wager, except that tax is
                                             0.25 percent in States
                                             where wagering is
                                             authorized by State law.
        Occupational tax (sec. 4411)......  $500 per year on person
                                             engaged or employed in
                                             business of accepting
                                             wagers (taxable period is
                                             July 1-June 30), except
                                             that tax is $50 per year in
                                             States where wagering is
                                             authorized by State law.
\57\ The term ``non-regular'' firearm includes machine guns, destructive
  devices'' (e.g., explosive devices such as bombs, grenades, small
  rockets, and mines, etc.), sawed-off shotguns or rifles, silencers,
  and certain concealable weapons.
\58\ July 1-June 30 is the taxable year for the occupational taxes.
  There are also annual Federal licensing fees for manufacturers,
  importers and dealers in destructive devices or ammunition for
  destructive devices (See 18 U.S.C. sec. 923).
\59\ Tax is $500 per year, per premise for a business with gross
  receipts of less than $500,000 for a preceding taxable year.
\60\ The tax applies to any wager with respect to a sports event or a
  contest placed with a person engaged in the business of accepting such
  wagers, any wager placed in a wagering pool with respect to sports
  event or a contest (if such pool is conducted for profit), and certain
  lottery-type wagers (including numbers games and similar types of
  wagering). No tax is imposed on parimutuel wagering licensed under
  State law, coin-operated wagers, State-conducted lotteries, games
  where the wagers are placed and winners are determined and prizes are
  distributed all in the presence of all persons placing wagers in the
  game, or drawings by tax-exempt organizations where no part of the
  proceeds inures to the benefit of any private shareholder or
  individual.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
8. Excise tax on private foundation net
 investment income
 
        a. Domestic foundations (sec.
         4940) \61\
 
            Generally.....................  2 percent of net investment
                                             income.
            Tax where charitable payout     1 percent of net investment
             increases by equivalent         income.
             amount.......................
 
        b. Foreign foundations (sec. 4948)  4 percent of gross
                                             investment income from
                                             sources within U.S.
 
    9. Excise tax on foreign insurance      (a) Casualty insurance and
     policies (sec. 4371)                    indemnity bonds.--4 cents
                                             per dollar of premium paid.
                                            (b) Life insurance, sickness
                                             and accident policies, and
                                             annuity contracts.--1 cent
                                             per dollar of premium paid.
                                            (c) Reinsurance.--1 cent per
                                             dollar of premium paid for
                                             reinsurance under (a) or
                                             (b).\62\
 
C. Miscellaneous Regulatory Excise Taxes
 
    1. Excise tax on lobbying expenditures
 
        Public charities making an          25 percent of excess
         election under sec. 501(h) (sec.    lobbying expenditures.
         4911)............................
        Charitable organizations            5 percent of lobbying
         disqualified from tax-exempt        expenditures on the
         status because of lobbying          organization; 5 percent of
         expenditures (sec. 4912).........   lobbying expenditures on
                                             the organization manager.
 
\61\ Certain operating foundations having public involvement and not
  governed or run by disqualified persons are exempt from the 2-percent
  tax.
\62\ The U.S. Supreme Court has ruled that the foreign insurance excise
  tax is unconstitutional as applied to insurance on exports. See U.S.
  v. International Business Machines, 517 U.S. 843 (1996).


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    2. Excise tax on certain private
     foundation activities
 
        Self-dealing (sec. 4941)..........  Initial tax.--5 percent of
                                             the amount of self-dealing
                                             on the self-dealer; 2\1/2\-
                                             percent tax on the
                                             foundation manager (up to
                                             $10,000).
                                            Additional tax.--If the self-
                                             dealing is not corrected
                                             within the correction
                                             period, there is a tax of
                                             200 percent of the amount
                                             of self-dealing on the self-
                                             dealer; 50-percent tax on
                                             the foundation manager (up
                                             to $10,000).
        Failure to distribute income (sec.  Initial tax.--15-percent tax
         4942)............................   on the foundation on the
                                             amount remaining
                                             undistributed at the
                                             beginning of the second (or
                                             succeeding) taxable year.
                                            Additional tax.--If not
                                             corrected, there is an
                                             additional tax of 100
                                             percent of the amount not
                                             distributed at the end of
                                             the correction period.
        Excess business holdings (sec.      Initial tax.--5-percent tax
         4943)............................   on the foundation on the
                                             value of the excess
                                             holdings.
                                            Additional tax.--If not
                                             corrected, there is an
                                             additional tax of 200
                                             percent of the excess
                                             holdings at the end of a
                                             specified period.
        Investments which jeopardize        Initial taxes.--5-percent
         charitable purpose (sec. 4944)...   tax of the amount of such
                                             investment on the
                                             foundation; 5-percent tax
                                             on the foundation manager
                                             (up to $5,000).


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
                                            Additional taxes.--25-
                                             percent tax on foundation
                                             if the investment is not
                                             removed from jeopardy
                                             within the correction
                                             period; 5-percent tax on
                                             the foundation manager (up
                                             to $10,000).
        Taxable expenditures (sec. 4945)..  Initial taxes.--10-percent
                                             tax of the amount of the
                                             taxable expenditure on the
                                             foundation; 2\1/2\-percent
                                             tax on the foundation
                                             manager (up to $5,000).
                                            Additional taxes.--If not
                                             corrected, there is a tax
                                             of 100 percent of the
                                             taxable expenditure on the
                                             foundation; and a tax of 50
                                             percent on the foundation
                                             manager (up to $10,000).
 
    3. Excise tax on political              Initial taxes.--Tax of 10
     expenditures of section 501(c)(3)       percent of the political
     organizations (sec. 4955)               expenditure on the
                                             organization; 2\1/2\-
                                             percent tax on the
                                             organization manager (up to
                                             $5,000).
                                            Additional taxes.--If not
                                             corrected, a tax of 100
                                             percent of the political
                                             expenditure is imposed on
                                             the organization; 50-
                                             percent tax on the
                                             organization manager (up to
                                             $10,000).
 
    4. Excise tax on excess benefit         Initial tax.--Tax of 25
     transactions of certain section         percent of the amount of
     501(c)(3) and 501(c)(4) organizations   the excess benefit on a
     (sec. 4958) \63\                        disqualified person who is
                                             the beneficiary of the
                                             transaction; 10-percent tax
                                             on the organization manager
                                             (up to $10,000).
 
\63\ Private foundations are not subject to the section 4958 excise tax
  on excess benefit transactions.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
                                            Additional taxes.--If not
                                             corrected, a tax of 200
                                             percent of the excess
                                             benefit is imposed on the
                                             disqualified person.
 
    5. Excise taxes relating to employee
     pension and benefit plans
 
        Failure to meet minimum funding     Initial tax.--Tax of 10
         standards (sec. 4971)............   percent (5 percent in the
                                             case of a multiemployer
                                             plan) of accumulated
                                             funding deficiency is
                                             imposed on employer.
                                            Additional tax.--If not
                                             corrected, a tax of 100
                                             percent of the deficiency
                                             is imposed on employer.
        Nondeductible contributions to      Tax of 10 percent on
         qualified employer plan (sec.       nondeductible contributions
         4972)............................   under the plan is imposed
                                             on the employer.
        Excess contributions to IRAs, etc.  Tax of 6 percent of excess
         (sec. 4973)......................   contributions to the plan
                                             is imposed on individual
                                             making the contributions.
        Certain accumulation in IRAs, etc.  Tax on payee equal to 50
         (sec. 4974)......................   percent of the amount by
                                             which the minimum required
                                             to be distributed during
                                             the year exceeds the amount
                                             actually distributed during
                                             the year.
        Prohibited transactions (sec.       Initial tax.--Tax of 15
         4975)............................   percent of the amount
                                             involved in the prohibited
                                             transaction is imposed on
                                             the disqualified person
                                             engaging in the
                                             transaction.
                                            Additional tax.--If not
                                             corrected, a tax of 100
                                             percent of the amount
                                             involved is imposed on the
                                             disqualified person.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
        Disqualified welfare benefits       Tax of 100 percent of the
         (sec. 4976)......................   disqualified benefit amount
                                             is imposed on the employer.
        Excess fringe benefits provided by  Tax of 30 percent of the
         an employer (sec. 4977)..........   ``excess fringe benefits''
                                             is imposed on the employer.
        Dispositions of section 1042        Tax of 10 percent of the
         securities by employee stock        amount realized on
         ownership plans and worker-owned    disposition is imposed on
         cooperatives (sec. 4978).........   the employer or worker-
                                             owned cooperative.
        Dispositions of section 133         Tax of 10 percent of the
         securities by employee stock        amount realized on the
         ownership plans (sec. 4978B).....   disposition is imposed on
                                             the employer.
        Excess contributions under a cash   Tax of 10 percent of the sum
         or deferred arrangement (sec.       of excess contributions
         4949)............................   under a cash or deferred
                                             arrangement and any excess
                                             aggregate contributions
                                             under the plan for the plan
                                             year is imposed on the
                                             employer.
        Prohibited allocations of           Tax of 50 percent of amount
         qualified securities by employee    involved in a prohibited
         stock ownership plans and worker-   allocation is imposed on
         owned cooperatives (sec. 4979A)..   the employer or worker-
                                             owned cooperative.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
        Reversion of qualified plan assets  Generally, tax of 20 percent
         to employer (sec. 4980)..........   of the amount of employer
                                             reversion from a qualified
                                             plan is imposed on the
                                             employer; a 50-percent tax
                                             is imposed if employer does
                                             not maintain a qualified
                                             replacement plan or provide
                                             certain pro-rata benefit
                                             increases.
        Violations of health care           Tax of $100 per day per
         continuation (sec. 4980B)........   failure to comply with the
                                             health care continuation
                                             rules, up to a specified
                                             maximum.
        Failure to meet group health plan   Tax of $100 per day per
         requirements (sec. 4980D)........   failure to comply with
                                             group health plan
                                             requirements (as specified
                                             in secs. 9801-9803, 9811-
                                             9812, and 9831-9833), up to
                                             a specified maximum.
        Failure of employer to make         Tax on an employer that
         comparable medical savings          fails to make available
         account contributions (sec.         comparable contributions to
         4780E)...........................   employee's medical savings
                                             accounts, equal to 35
                                             percent of the employer's
                                             medical savings account
                                             contributions.
 
    6. Excise tax on issuers of qualified   Tax of $100 per insured, per
     long-term care insurance contracts      day on failure to meet
     (sec. 4980C)                            requirements with respect
                                             to qualified long-term care
                                             insurance contracts.


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    7. Excise taxes on real estate
     investment trusts and regulated
     investment companies
 
        Real estate investment trusts       Tax of 4 percent of the
         (sec. 4981)......................   excess of required
                                             distribution for calendar
                                             year over the distributed
                                             amount (i.e., on the
                                             undistributed income).
        Regulated investment companies      Tax of 4 percent of the
         (sec. 4982)......................   excess of required
                                             distribution for calendar
                                             year over the distributed
                                             amount (i.e., on the
                                             undistributed income).
 
    8. Excise tax on issuer of              Tax of 1 percent of the
     ``registration-required obligations''   principal amount of the
     not in registered form (sec. 4701)      ``registration-required
                                             obligation'' (defined in
                                             sec. 163(f)) multiplied by
                                             the number of years (or
                                             portions) of the
                                             obligation.
 
    9. Excise tax on ``golden parachute''   Tax on the recipient of 20
     payments (sec. 4999)                    percent of the ``excess
                                             payment'' (defined in sec.
                                             280G(b)).
 
    10. Excise tax on large group health    Tax of 25 percent of
     plans (sec. 5000)                       expenses of a
                                             ``nonconforming large group
                                             health plan'' (defined
                                             under sec. 1862(b)(4)(A)(i)
                                             of the Social Security
                                             Act).


------------------------------------------------------------------------
          Tax (and Code section)                      Tax rates
------------------------------------------------------------------------
    11. Excise tax on ``greenmail'' (sec.   Tax of 50 percent of the
     5881)                                   ``greenmail'' (any
                                             consideration transferred
                                             by a corporation to acquire
                                             its stock if (1) such stock
                                             has been held by the
                                             shareholder for less than 2
                                             years, (2) the shareholder
                                             (or any related person or
                                             person acting in concert)
                                             made or threatened a public
                                             tender offer for stock
                                             during this period, and (3)
                                             such acquisition is
                                             pursuant to an offer which
                                             was not made on the same
                                             terms to all shareholders).


III. INFORMATION ON FEDERAL EXCISE TAX RECEIPTS AND SELECTED TRUST FUND 
                                BALANCES

                             A. Background

    Part III contains background information on Federal excise 
tax receipts and projected expenditures from any Trust Funds to 
which those receipts are dedicated. Interpretation of this 
information requires an understanding of several provisions of 
the Budget Enforcement Act of 1990 and related legislation 
(collectively referred to as the ``1990 Budget Act'') and of 
various budget scorekeeping rules implementing that 
legislation.
Assumption that dedicated excise taxes are permanent
    The 1990 Budget Act provides that excise taxes which are 
dedicated to Trust Funds are assumed to be permanent for budget 
scorekeeping purposes.\64\ This means that revenues from the 
excise taxes automatically are included each year in the 
Congressional Budget Office (``CBO'') and Office of Management 
and Budget (``OMB'') forecast of Government receipts (the 
``revenue baseline'') as if there were no scheduled expiration. 
This occurs even if the taxes are scheduled to expire before 
the end of the baseline period. The CBO issues this annual 
baseline as part of its overall economic forecast each 
February; the forecast is used in developing the Congressional 
Budget Resolution. Revenue estimates for all legislation 
considered by the Congress are determined relative to that 
forecast (and the Budget Resolution).\65\
---------------------------------------------------------------------------
    \64\ Direct, or mandatory, spending likewise is considered to be 
permanent for budget scorekeeping purposes. On the other hand, while 
estimates of discretionary spending are included in the budget 
baseline, that spending is not considered to be permanent for budget 
scorekeeping purposes. Thus, the entire amount of discretionary 
spending provided for in annual appropriations bills is scored. As 
described below, most spending from the Federal Trust Funds which are 
the subject of this pamphlet is classified as discretionary.
    \65\ The CBO typically issues an update of its February forecast in 
August; however, because the Budget Resolution is based on the February 
baseline, revenue estimates generally are determined by reference to 
the February baseline throughout the year.
---------------------------------------------------------------------------
    As a result of their inclusion in the revenue baseline on a 
permanent basis, extensions (without modifications) of Trust 
Fund excise taxes are not scored as raising revenues when the 
extensions are enacted before their actual expiration and 
adoption of a new revenue baseline. On the other hand, 
increases in those excise taxes are scored as raising revenue. 
Similarly, reductions in dedicated excise taxes (even as part 
of an extension of the underlying taxes) are scored as losing 
revenue. Legislation to reimpose an expired  excise tax that is 
dedicated to a Trust Fund is scored as increasing revenues if 
the tax reimposition is enacted after adoption of a new revenue 
baseline excluding receipts from the tax.
    The information in the excise tax receipts and Trust Fund 
balance tables in III. B and III. C, below, is presented 
consistent with the provisions of the 1990 Budget Act. Thus, 
revenues for all currently imposed Trust Fund excise taxes are 
assumed to continue throughout the periods reflected, 
notwithstanding any scheduled expiration of the underlying 
excise taxes. For example, the highway excise taxes (other than 
4.3 cents per gallon of the motor fuels rates) statutorily are 
scheduled to expire after September 30, 2005; however, Tables 1 
and 2 of III. C (providing Highway Trust Fund balances) assume 
imposition of these taxes through September 30, 2009. On the 
other hand, no revenues are shown from certain expired excise 
taxes, e.g., the previously imposed excise taxes dedicated to 
the Hazardous Substance Superfund and the Oil Spill Liability 
Trust Fund.

Gross receipts versus net revenues

    In general, the relevant provisions of the Code transfer 
``gross receipts'' to Trust Funds financed with proceeds of 
dedicated excise taxes, rather than the ``net revenues'' to the 
Federal Government produced by those taxes. Net revenues from 
the excise tax on certain vaccines are transferred to the 
Vaccine Injury Compensation Trust Fund (``Vaccine Trust 
Fund''). The concept of net revenues reflects budget 
scorekeeping conventions that discount excise tax revenues by 
the amount that income tax receipts are expected to decrease as 
a result of monies being removed from the private economy for 
payment of excise taxes.\66\ Net revenues equal approximately 
75 percent of gross receipts.
---------------------------------------------------------------------------
    \66\ See Joint Committee on Taxation, Discussion of Revenue 
Estimation Methodology and Process (JCS-14-92), August 13, 1992.
---------------------------------------------------------------------------
    The 1990 Budget Act divides non-defense Federal Government 
spending into two major categories: direct spending and 
discretionary spending. Direct spending is spending for which 
no appropriation is required (e.g., entitlements such as Social 
Security old age benefits). Discretionary spending may occur 
only when funds are appropriated. Subject to special rules 
enacted by the Transportation Equity Act for the 21st Century 
intended to guarantee minimum levels of Highway Trust Fund 
spending, all discretionary spending programs must compete for 
a fixed pool of dollars under aggregate annual caps imposed on 
Federal discretionary spending. Thus, amounts in excess of the 
net revenues to the Federal Government (i.e., gross receipts) 
from the excise taxes may be deposited in the Trust Funds 
without creating a budgetary shortfall.\67\
---------------------------------------------------------------------------
    \67\ See Joint Committee on Taxation, Present Law and Background 
Information on Federal Transportation Excise Taxes and Trust Fund 
Expenditure Programs (JCS-10-96), November 14, 1996, pp. 41-46.
---------------------------------------------------------------------------
    The excise tax receipts shown in the tables in this part 
represent gross receipts to the Federal Government (and to any 
relevant Trust Fund) except in the case of the Vaccine Trust 
Fund excise tax where net revenues are reflected (under sec. 
9510).

Differences between available balances and cash balances

    Some Trust Fund programs involve capital projects. 
Financing for these projects may involve contracts providing 
for cash disbursements that will continue for a period of 
several years. Pending actual disbursement, the funds continue 
to be reflected in the cash balance of the Trust Funds where 
they are held on deposit. However, the funds are not 
``available'' to finance additional projects. Rather, they are 
classified as a part of the Trust Funds ``obligated balance.'' 
An example of such capital expenditures are funds financing the 
Federal Government's share of highway construction projects 
undertaken jointly with States or local governments when the 
Federal Government currently is bound contractually to pay the 
amounts when the construction is completed. For Federal Trust 
Funds, the CBO baseline reports cash balances, and in relevant 
cases, ``available balances.'' The Trust Fund tables in this 
part reflect Trust Fund cash balances.

                      B. Estimated Federal Excise Tax Receipts, Fiscal Years 1998-2003 \1\
                                            [In billions of dollars]
----------------------------------------------------------------------------------------------------------------
                                                                                                           1998-
                          Item                             1998    1999    2000    2001    2002    2003    2003
----------------------------------------------------------------------------------------------------------------
I. Excise Taxes Dedicated to Transportation Trust Funds
 
    A. Highway Trust Fund Excise Taxes
        1. Gasoline.....................................    21.2    21.7    22.0    22.3    22.7    23.2   133.1
        2. Diesel fuel and kerosene.....................     7.4     7.7     7.8     8.0     8.2     8.5    47.6
        3. Other highway motor fuels....................     1.4     1.4     1.5     1.5     1.5     1.6     8.9
        4. Retail sales tax on tractors and heavy trucks     1.9     2.0     2.0     2.0     2.1     2.1    12.1
         and trailers...................................
        5. Manufacturers tax on tires for heavy vehicles     0.4     0.4     0.4     0.4     0.4     0.4     2.3
        6. Annual heavy vehicle use tax.................     0.8     0.8     0.8     0.8     0.8     0.8     4.9
        7. Refund (mostly fuels taxes)..................    -1.1    -1.1    -1.1    -1.2    -1.2    -1.2    -6.9
        8. Deposit rule modification....................    -3.8     3.8  ......  ......  ......  ......  ......
                                                         -------------------------------------------------------
          Total Highway Trust Fund Excise Taxes.........    28.2    36.7    33.3    33.9    34.6    35.4   202.1
                                                         =======================================================
    B. Airport and Airway Trust Fund Excise Taxes
        1. Domestic air passenger excise tax............     5.7     6.5     6.6     6.9     7.5     7.9    41.1
        2. International air passenger excise tax.......     0.8     1.2     1.3     1.4     1.5     1.6     8.0
        3. Air cargo transportation tax.................     0.3     0.4     0.5     0.5     0.5     0.6     2.8
        4. Noncommercial aviation fuels excise taxes....     0.2     0.2     0.2     0.2     0.2     0.2     1.3
        5. Commercial aviation fuels excise taxes.......     0.5     0.6     0.6     0.6     0.7     0.7     3.7
                                                         -------------------------------------------------------
          Total Airport and Airway Trust Fund Excise         7.5     9.0     9.2     9.7    10.4    11.0    56.9
           Taxes........................................
                                                         =======================================================
    C. Inland Waterways Trust Fund Excise Tax...........     0.1     0.1     0.1     0.1     0.1     0.1     0.7
    D. Harbor Maintenance Trust Fund Excise Tax \2\.....    -0.1     0.5     0.6     0.7     0.7     0.8     3.1
 
II. Excise Taxes Dedicated to Environmental Trust Funds
 or Designated Funds
 
    A. Leaking Underground Storage Tank Trust Fund           0.2     0.2     0.2     0.2     0.2     0.2     1.1
     Excise Tax.........................................
    B. Aquatic Resources Trust Fund Excise Taxes
        1. Motorboat gasoline and special motor fuels...     0.2     0.2     0.2     0.2     0.3     0.3     1.5
        2. Fishing equipment excise tax.................     0.1     0.1     0.1     0.1     0.1     0.1     0.6
    C. Federal Aid to Wildlife Program Excise Taxes
        1. Bows and arrows excise taxes.................     (3)     (3)     (3)     (3)     (3)     (3)     0.1
        2. ``Regular'' firearms and ammunition excise        0.1     0.1     0.1     0.1     0.1     0.1     0.8
         taxes..........................................
 
III. Excise Taxes Dedicated to Health-Related Trust
 Funds
 
    A. Black Lung Disability Trust Fund Excise Taxes
        1. Coal excise tax 4............................     0.6     0.6     0.7     0.7     0.7     0.7     4.0
        2. Excise taxes on black lung benefit trusts....     (3)     (3)     (3)     (3)     (3)     (3)     0.1
    B. Vaccine Injury Compensation Trust Fund Excise Tax     0.1     0.1     0.1     0.1     0.1     0.1     0.8
     5..................................................
 
IV. Major General Fund Excise Taxes
 
    A. Alcohol Excise Taxes
        1. Distilled spirits............................     3.6     3.6     3.5     3.5     3.5     3.5    21.2
        2. Wine.........................................     0.7     0.7     0.7     0.7     0.7     0.7     4.1
        3. Beer.........................................     3.4     3.4     3.4     3.4     3.4     3.4    20.3
        4. Alcohol occupational taxes...................     0.1     0.1     0.1     0.1     0.1     0.1     0.6
        5. Refunds (mostly distilled spirits)...........    -0.3    -0.3    -0.3    -0.3    -0.3    -0.3    -1.5
                                                         -------------------------------------------------------
          Total Alcohol Excise Taxes....................     7.4     7.4     7.4     7.4     7.5     7.5    44.7
                                                         =======================================================
    B. Tobacco Excise Taxes
        1. Cigarettes...................................     5.6     5.2     6.4     7.0     7.6     8.0    39.9
        2. Cigars.......................................     (3)     (3)     (3)     (3)     (3)     (3)     0.2
        3. Other tobacco products (cigarette papers and      0.1     0.1     0.1     0.1     0.1     0.1     0.7
         tubes, snuff, chewing tobacco, pipe tobacco,
         ``roll-your-own'' tobacco, imports, and tobacco
         products occupational taxes)...................
                                                         -------------------------------------------------------
          Total Tobacco Excise Taxes....................     5.7     5.3     6.6     7.2     7.8     8.2    40.7
                                                         =======================================================
    C. Communications (Telephone) Excise Tax............     5.2     5.6     5.9     6.3     6.7     7.1    36.8
 
V. Selected Additional General Fund Excise Taxes
 
    A. Rail Diesel Fuel Excise Tax......................     0.2     0.1     0.1     0.1     0.1     0.1     0.8
    B. Inland Waterways Fuel Excise Tax.................     (3)     (3)     (3)     (3)     (3)     (3)     0.1
    C. Motorboat Gasoline and Special Motor Fuels Excise     0.1     0.1     0.1     0.1     0.1     0.1     0.8
     Tax................................................
    D. Gas Guzzler Excise Tax...........................     (3)     (3)     (3)     (3)     (3)     (3)     0.2
    E. Luxury Excise Tax on Passenger Vehicles..........     0.4     0.3     0.3     0.3     0.2     0.1     1.4
    F. Excise Tax on Ship Passengers' International          (3)     (3)     (3)     (3)     (3)     (3)     0.1
     Departures.........................................
    G. Excise Tax on Ozone-Depleting Chemicals..........     0.1     (3)  ......  ......  ......  ......     0.1
    H. ``Non-Regular'' Firearms Excise Taxes............     (3)     (3)     (3)     (3)     (3)     (3)     (3)
    I. Wagering Excise Taxes............................     (3)     (3)     (3)     (3)     (3)     (3)     0.1
    J. Excise Tax on Private Foundation Net Investment       0.5     0.5     0.5     0.5     0.5     0.5     2.9
     Income.............................................
    K. Excise Tax on Foreign Insurance Policies.........     0.1     0.1     0.1     0.1     0.1     0.1     0.8
----------------------------------------------------------------------------------------------------------------
Note.--Details may not add to totals due to rounding.
 
1 Baseline estimates provided by the Congressional Budget Office. With the exception of the vaccine excise tax,
  all estimates represent gross excise tax receipts (i.e., do not reflect the income tax offset that is taken
  into account in revenue estimates for excise tax changes).
2 Projected revenue reflects the U.S. Supreme Court decision in U.S. v. U.S. Shoe Corp. that the tax is
  unconstitutional as applied to exports.
3 Gain of less than $50 million.
4 Projected baseline revenue does not reflect the U.S. District Court decision in Ranger Fuel Corp. v. U.S. that
  the coal excise tax is unconstitutional as applied to exports.
5 The table shows net revenues from the tax (gross revenues reduced by the income tax offset) because only net
  revenues are dedicated to the Vaccine Injury Compensation Trust Fund (under sec. 9510).
 
Source: Congressional Budget Office.


       C. Information on Balances in Selected Federal Trust Funds

    The following tables (Tables 1-11) provide data for fiscal 
years 1998-2009 on certain Federal Trust Funds financed by 
dedicated excise taxes. These tables show the amount of gross 
tax revenue to the Trust Funds, any interest to the Trust 
Funds, new budget authority, outlays, and end-of-year cash 
balance. The Trust Fund information is provided by the 
Congressional Budget Office (``CBO''), based on the March 1999 
CBO baseline projections for 1999-2009. The 1998 amounts are 
actual figures provided by CBO.
    Tables 1-11 provide data on the following Federal Trust 
Funds:
          Table 1.--Highway Account of the Highway Trust Funds;
          Table 2.--Mass Transit Account of the Highway Trust 
        Fund;
          Table 3.--Airport and Airway Trust Fund;
          Table 4.--Inland Waterways Trust Fund;
          Table 5.--Harbor Maintenance Trust Fund;
          Table 6.--Leaking Underground Storage Tank Trust 
        Fund;
          Table 7.--Aquatic Resources Trust Fund;
          Table 8.--Hazardous Substance Superfund
          Table 9.--Oil Spill Liability Trust Fund;
          Table 10.--Black Lung Disability Trust Fund; and
          Table 11.--Vaccine Injury Compensation Trust Fund.

                        Table 1.--Revenues and Outlays for the Highway Account of the Highway Trust Fund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                    Year                        1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008     2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue.................................   23,135   31,600   28,737   29,262   29,855   30,500   31,152   31,828   32,493   33,157   33,821   34,485
 
Interest \1\................................    1,165        0        0        0        0        0        0        0        0        0        0        0
 
Total Revenue...............................   24,364   31,600   28,737   29,262   29,855   30,500   31,152   31,828   32,493   33,157   33,821   34,485
 
New Budget Authority........................   24,657   29,769   31,874   31,039   31,609   32,171   32,813   32,816   32,818   32,821   32,824   32,827
 
Outlays.....................................   20,350   23,920   26,531   27,991   28,333   28,849   29,962   29,356   29,918   30,504   31,121   31,758
 
End-of-Year Balance.........................    8,459   16,139   18,345   19,616   21,138   22,789   24,979   27,452   30,026   32,679   35,379   38,105
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ As provided in P.L. 105-178, ``The Transportation Equity Act for the 21st Century,'' no interest is credited to either the Highway Account or the
  Mass Transit Account of the Highway Trust Fund after September 30, 1998.
 
 Source: Congressional Budget Office (``CBO''). Data for 1998 report actual tax revenues transferred to the Trust Fund as tabulated by the CBO using IRS
  data. The data for 1998 also report actual New Budget Authority and Outlays. Some of the outlays from the Trust Fund represent payments over one or
  more years on contracts related to capital projects. As a consequence, the reported ``end-of-year balance'' does not represent an unobligated balance
  available for appropriation. Tax revenues credited to the Trust Fund represent the gross receipts from taxes dedicated to the Trust Fund, net of any
  refunds of tax paid out during the fiscal year. Because excise taxes give rise to income and payroll tax offsets, the gross receipts from an excise
  tax do not represent the net revenues from the excise tax for unified budget reporting purposes. The net revenues to the Federal Government will be
  less than the ``tax revenue'' reported in the table. In addition, under present-law budget rules for the purpose of determining baseline receipts,
  excise taxes dedicated to trust funds are assumed to be permanent regardless of statutory expiration dates. The information reported for fiscal years
  1999 through 2009 are CBO projections based on the March 1999 CBO baseline including projected inflation.


                      Table 2.--Revenues and Outlays for the Mass Transit Account of the Highway Trust Fund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                    Year                        1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008     2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue.................................    3,487    5,095    4,576    4,659    4,754    4,855    4,960    5,066    5,173    5,280    5,387    5,494
 
Interest \1\................................      839        0        0        0        0        0        0        0        0        0        0        0
 
Total Revenue...............................    4,326    5,095    4,576    4,659    4,754    4,855    4,960    5,066    5,173    5,280    5,387    5,494
 
New Budget Authority........................    4,260    4,213    4,574    4,930    5,289    5,647    5,647    5,647    5,647    5,647    5.647    5.647
 
Outlays.....................................    4,133    6,126    5,719    5,267    4,938    4,719    4,716    4,816    4,918    5,022    5,128    5,236
 
End-of-Year Balance.........................   10,050    9,019    7,876    7,268    7,084    7,220    7,464    7,713    7,969    8,227    8,486    8,744
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ As provided in P.L. 105-178, ``The Transportation Equity Act for the 21st Century,'' no interest is credited to either the Highway Account or the
  Mass Transit Account of the Highway Trust Fund after September 30, 1998.
 
Source: Congressional Budget Office (``CBO''). Data for 1998 report actual tax revenues transferred to the Trust Fund as tabulated by the CBO using IRS
  data. The data for 1998 also report actual New Budget Authority and Outlays. Some of the outlays from the Trust Fund represent payments over one or
  more years on contracts related to capital projects. As a consequence, the reported ``end-of-year balance'' does not represent an unobligated balance
  available for appropriation. Tax revenues credited to the Trust Fund represent the gross receipts from taxes dedicated to the Trust Fund, net of any
  refunds of tax paid out during the fiscal year. Because excise taxes give rise to income and payroll tax offsets, the gross receipts from an excise
  tax do not represent the net revenues from the excise tax for unified budget reporting purposes. The net revenues to the Federal Government will be
  less than the ``tax revenue'' reported in the table. In addition, under present-law budget rules for the purpose of determining baseline receipts,
  excise taxes dedicated to trust funds are assumed to be permanent regardless of statutory expiration dates. The information reported for fiscal years
  1999 through 2009 are CBO projections based on the March 1999 CBO baseline including projected inflation.


                              Table 3.--Revenues and Outlays for the Airport and Airway Trust Fund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                    Year                        1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008     2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue.................................    8,111   10,158    9,245    9,679   10,415   11,015   11,670   12,361   13,104   13,850   14,634   15,467
 
Interest....................................      543      666      799      902    1,024    1,195    1,398    1,610    1,887    2,208    2,623    3,056
 
Total Revenue...............................    8,654   10,824   10,044   10,581   11,439   12,210   13,068   13,971   14,991   16,058   17,257   18,523
 
New Budget Authority........................    5,641    8,668    8,910    9,119    9,332    9,544    9,760    9,985   10,218   10,463   10,715   10,980
 
Outlays.....................................    5,872    7,947    8,266    8,605    8,844    9,122    9,390    9,655    9,933   10,220   10,519   10,829
 
End-of-Year Balance.........................    9,140   12,017   13,796   15,773   18,367   21,456   25,134   29,450   34,507   40,346   47,083   54,777
 
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: Congressional Budget Office (``CBO''). Data for 1998 report actual tax revenues transferred to the Trust Fund as tabulated by the CBO using IRS
  data. The data for 1998 also report actual New Budget Authority and Outlays. Some of the outlays from the Trust Fund represent payments over one or
  more years on contracts related to capital projects. As a consequence, the reported ``end-of-year balance'' does not represent an unobligated balance
  available for appropriation. Tax revenues credited to the Trust Fund represent the gross receipts from taxes dedicated to the Trust Fund, net of any
  refunds of tax paid out during the fiscal year. Because excise taxes give rise to income and payroll tax offsets, the gross receipts from an excise
  tax do not represent the net revenues from the excise tax for unified budget reporting purposes. The net revenues to the Federal Government will be
  less than the ``tax revenue'' reported in the table. In addition, under present-law budget rules for the purpose of determining baseline receipts,
  excise taxes dedicated to trust funds are assumed to be permanent regardless of statutory expiration dates. The information reported for fiscal years
  1999 through 2009 are CBO projections based on the March 1999 CBO baseline including projected inflation.


                               Table 4.--Revenues and Outlays for the Inland Waterways Trust Fund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                    Year                        1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008     2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue.................................       91      106      108      110      113      116      119      122      125      128      131      134
 
Interest....................................       15       18       22       25       29       32       36       40       44       49       54       59
 
Total Revenue...............................      106      124      130      135      142      148      155      162      169      177      185      193
 
New Budget Authority........................       79       73       74       76       78       79       81       83       84       86       88       90
 
Outlays.....................................       76       69       74       76       78       79       81       83       84       86       88       90
 
End-of-Year Balance.........................      327      378      434      493      557      626      700      779      864      955    1,052    1,155
 
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: Congressional Budget Office (``CBO''). Data for 1998 report actual tax revenues transferred to the Trust Fund as tabulated by the CBO using IRS
  data. The data for 1998 also report actual New Budget Authority and Outlays. Tax revenues credited to the Trust Fund represent the gross receipts from
  taxes dedicated to the Trust Fund, net of any refunds of tax paid out during the fiscal year. In addition, under present-law budget rules for the
  purpose of determining baseline receipts, excise taxes dedicated to trust funds are assumed to be permanent regardless of statutory expiration dates.
  Tax revenues credited to the Trust Fund represent the gross receipts from taxes dedicated to the Trust Fund, net of any refunds of tax paid out during
  the fiscal year. The net revenues to the Federal Government will be less than the ``tax revenue'' reported in the table. The information reported for
  fiscal years 1999 through 2009 are CBO projections based on the March 1999 CBO baseline including projected inflation.


                              Table 5.--Revenues and Outlays for the Harbor Maintenance Trust Fund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                    Year                        1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008     2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue \1\.............................      622      511      606      651      700      752      809      869      935    1,005    1,080    1,161
 
Interest....................................       66       89      129      174      220      271      329      392      463      541      627      723
 
Total Revenue...............................      688      600      735      825      920    1,023    1,138    1,261    1,398    1,546    1,707    1,884
 
Outlays \2\.................................      511       18       18       18       19       19       19       19       20       20       20       21
 
End-of-Year Balance.........................    1,283    1,865    2,582    3,389    4,290    5,294    6,413    7,655    9,033   10,559   12,246   14,109
 
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Projected revenues reflect the effect of the U.S. Supreme Court decision in U.S. v. U.S. Shoe Corp. See footnote 15 in Part I, above.
\2\ Appropriations for harbor maintenance expenditures for fiscal year 1999 are for approximately the same level as fiscal year 1998 outlays. However,
  most of the resulting outlays are expected to be paid from the General Fund. These projections report only those outlays that CBO estimates will come
  from the Trust Fund in fiscal year 1999 and subsequent years.
 
Source: Congressional Budget Office (``CBO''). Data for 1998 report actual tax revenues transferred to the Trust Fund as tabulated by the CBO using IRS
  data. The data for 1998 also report actual Outlays. Tax revenues credited to the Trust Fund represent the gross receipts from taxes dedicated to the
  Trust Fund, net of any refunds of tax paid out during the fiscal year. Because excise taxes give rise to income and payroll tax offsets, the gross
  receipts from an excise tax do not represent the net revenues from the excises tax for unified budget reporting purposes. The net revenues to the
  Federal Government will be less than the ``tax revenue'' reported in the table. The information reported for fiscal years 1999 through 2009 are CBO
  projections based on the March 1999 CBO baseline including projected inflation.


                       Table 6.--Revenues and Outlays for the Leaking Underground Storage Tank Trust Fund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                    Year                        1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008     2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue.................................      136      212      180      183      187      190      194      197      200      203      206      209
 
Interest....................................       67       65       73       81       90       99      104      113      123      134      145      156
 
Total Revenue...............................      203      277      253      264      277      289      298      310      323      337      351      365
 
Outlays.....................................       62       61       68       74       75       77       79       81       83       84       86       86
 
End-of-Year Balance.........................    1,255    1,471    1,655    1,845    2,047    2,259    2,478    2,707    2,947    3,200    3,465    3,744
 
--------------------------------------------------------------------------------------------------------------------------------------------------------
 Source: Congressional Budget Office (``CBO''). Data for 1998 report actual tax revenues transferred to the Trust Fund as tabulated by the CBO using IRS
  data. The data for 1998 also report actual outlays. Some of the outlays from the Trust Fund represent payments over one or more years on contracts
  related to capital projects. As a consequence, the reported ``end-of-year balance'' does not represent an unobligated balance available for
  appropriation. Tax revenues credited to the Trust Fund represent the gross receipts from taxes dedicated to the Trust Fund, net of any refunds of tax
  paid out during the fiscal year. Because excise taxes give rise to income and payroll tax offsets, the gross receipts from an excise tax do not
  represent the net revenues from the excise tax for unified budget reporting purposes. The net revenues to the Federal Government will be less than the
  ``tax revenue'' reported in the table. In addition, under present-law budget rules for the purpose of determining baseline receipts, excise taxes
  dedicated to trust funds are assumed to be permanent regardless of statutory expiration dates. The information reported fiscal years 1999 through 2009
  are CBO projections based on the March 1999 CBO baseline including projected inflation.


                               Table 7.--Revenues and Outlays for the Aquatic Resources Trust Fund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                    Year                        1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008     2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue.................................      290      361      328      340      377      381      398      404      410      418      424      430
 
Interest \1\................................       53       36       38       37       36       36       37       38       39       40       41       42
 
Total Revenue \2\...........................      403      435      404      417      454      460      481      490      498      509      519      529
 
New Budget Authority \3\....................      412      372      435      404      417      454      460      481      490      498      509      519
 
Outlays \3\.................................      313      359      394      430      462      450      455      459      475      486      497      507
 
End-of-Year Balance \4\.....................      945    1,022    1,033    1,020    1,012    1,022    1,048    1,080    1,103    1,127    1,149    1,171
 
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Does not include $4 million annually of interest income credited to the Boat Safety Account. These earnings do not create budget authority under
  present-law, but could be appropriated from the Trust Fund. Also see note 4 below.
\2\ Total revenue includes certain customs duties.
\3\ The figures reported for Budget Authority and Outlays include amounts for the Coast Guard's boat safety programs and to the U.S. Army Corps of
  Engineers for coastal wetlands projects.
\4\ Reported figures do not include the approximately $70 million balance in Boat Safety account balances.
 
Source: Congressional Budget Office (``CBO''). Data for 1998 report actual tax revenues transferred to the Trust Fund as tabulated by the CBO using IRS
  data. The data for 1998 also report actual New Budget Authority and Outlays. Tax revenues credited to the Trust Fund represent the gross receipts from
  taxes dedicated to the Trust Fund, net of any refunds of tax paid out during the fiscal year. Because excise taxes give rise to income and payroll tax
  offsets, the gross receipts from an excise tax do not represent the net revenues from the excise tax for unified budget reporting purposes. The net
  revenues to the Federal Government will be less than the ``tax revenue'' reported in the table. In addition, under present-law budget rules for the
  purpose of determining baseline receipts, excise taxes dedicated to trust funds are assumed to be permanent regardless of statutory expiration dates.
  The information reported for fiscal years 1999 through 2009 are CBO projections based on the March 1999 CBO baseline including projected inflation.


                              Table 8.--Revenues and Outlays for the Hazardous Substance Superfund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                    Year                        1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008     2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue \1\.............................        0        0        0        0        0        0        0        0        0        0        0        0
 
Interest....................................      210      220      190      180      190      190      190      200      200      210      210      220
 
Total Revenue 2,3...........................      780      850      820    1,240    1,600    1,580    1,660    1,720    1,750    1,740    1,830    1,870
 
Outlays \3\.................................    1,430    1,440    1,460    1,470    1,490    1,520    1,550    1,580    1,610    1,650    1,690    1,730
 
End-of-Year Balance \4\.....................    5,120    4,530    3,900    3,670    3,780    3,840    3,960    4,100    4,230    4,320    4,470    4,620
 
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ The Superfund taxes expired December 31, 1995.
\2\ Includes recoveries and General Fund appropriations.
\3\ The CBO baseline projection assumes that the program will operate at baseline levels using General Fund appropriations as necessary. Hence, General
  Fund appropriations grow in nominal dollars to fund projected nominal dollar expenditures.
\4\ The reported end-of-year balance does not represent Trust Fund monies available for appropriation. As noted above, this CBO projection assumes on-
  going General Fund appropriations. In addition, projected outlays include outlays for obligations incurred in prior years. In the absence of the
  assumed General Fund appropriations, the CBO projects that the amount in the Trust Fund available for appropriation would fall to zero in fiscal year
  2001.
 
Source: Congressional Budget Office (``CBO''). The data for 1998 report actual outlays and interest credited to the Trust Fund. Some of the outlays from
  the Trust Fund represent payments over one or more years on contracts related to capital projects. As a consequence, the reported ``end-of-year
  balance'' does not represent an unobligated balance available for appropriation. The information reported for fiscal years 1999 through 2009 are CBO
  projections based on the March 1999 CBO baseline including projected inflation.


                              Table 9.--Revenues and Outlays for the Oil Spill Liability Trust Fund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                    Year                        1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008     2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue \1\.............................        0        0        0        0        0        0        0        0        0        0        0        0
 
Interest....................................       64       52       53       52       49       47       44       41       37       34       33       26
 
Total Revenue \2\...........................       76       69       69       68       66       63       60       57       54       50       47       42
 
Outlays.....................................      114      110      111      113      113      115      116      118      119      120      123      124
 
End-of-Year Balance.........................    1,084    1,043    1,001      956      908      856      801      740      675      605      529      448
 
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ The Oil Spill Liability Trust Fund excise tax expired December 31, 1994.
\2\ Includes fines, penalties, and recoveries.
 
Source: Congressional Budget Office (``CBO''). The data for 1998 report actual outlays and interest credited to the Trust Fund. Some of the outlays from
  the Trust Fund represent payments over one or more years on contracts related to capital projects. As a consequence, the reported ``end-of-year
  balance'' does not represent an unobligated balance available for appropriation. The information reported for fiscal years 1999 through 2009 are CBO
  projections based on the March 1999 CBO baseline including projected inflation.


                            Table 10.--Revenues and Outlays for the Black Lung Disability Trust Fund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
              Year                  1998      1999      2000      2001      2002      2003      2004      2005      2006      2007      2008      2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue \1\.................       636       651       661       671       681       691       701       712       723       733       744       756
 
Interest \2\....................      -495      -509      -534      -551      -568      -585      -601      -617      -633      -648      -663      -678
 
Total Revenue...................       141       142       127       120       113       106       100        95        90        85        81        78
 
Benefit Payments................       453       436       420       404       389       375       361       347       334       322       310       299
 
End-of-Year Balance \2\.........    -5,838    -6,195    -6,537    -6,870    -7,197    -7,517    -7,831    -8,138    -8,439    -8,734    -9,022    -9,307
 
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Projected revenues do not reflect the District Court decision in Ranger Fuel Corp. v. U.S. relating to the unconstitutionality of the coal excise
  tax on exports. (See footnote 28 in Part I, above.)
\2\ The Black Lung Trust Fund is in deficit because, in the past, benefit payments exceeded tax receipts credited to the Trust Fund. Under present-law,
  the Trust Fund owes interest on past borrowings. Hence ``interest'' is entered in the table as a negative number (an expense).
 
Source: Congressional Budget Office (``CBO''). Data for 1998 report actual tax revenues transferred to the Trust Fund as tabulated by the CBO using IRS
  data. The data for 1998 also report actual outlays. Tax revenues credited to the Trust Fund represent the gross receipts from taxes dedicated to the
  Trust Fund, net of any refunds of tax paid out during the fiscal year. Because excise taxes give rise to income and payroll tax offsets, the gross
  receipts from an excise tax do not represent the net revenues from the excise tax for unified budget reporting purposes. The net revenues to the
  Federal Government will be less than the ``tax revenue'' reported in the table. The information reported for fiscal years 1999 through 2009 are CBO
  projections based on the March 1999 CBO baseline including projected inflation.


                         Table 11.--Revenues and Outlays for the Vaccine Injury Compensation Trust Fund, Fiscal Years 1998-2009
                                                                [In millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                    Year                        1998     1999     2000     2001     2002     2003     2004     2005     2006     2007     2008     2009
--------------------------------------------------------------------------------------------------------------------------------------------------------
Tax Revenue.................................       97       98       98       98       98      100      101      102      103      104      104      104
 
Interest....................................       16       65       73       80       86       92       99      105      112      120      128      136
 
Total Revenue...............................      113      162      170      178      184      192      199      207      214      223      231      240
 
Outlays.....................................       64       71       71       71       74       74       74       75       75       75       76       76
 
End-of-the-Year Balance.....................    1,285    1,376    1,476    1,583    1,693    1,811    1,936    2,068    2,207    2,354    2,509    2,673
 
--------------------------------------------------------------------------------------------------------------------------------------------------------
Source: Congressional Budget Office (``CBO''). Data for 1998 report actual tax revenues to the Trust Fund as tabulated by the CBO using IRS data. The
  data for 1998 also report actual outlays. Unlike the case with the other Trust Funds, the ``tax revenues'' credited to the Vaccine Injury Compensation
  Trust Fund are net of an estimate of the income and payroll tax offset. Hence, the ``tax revenues'' reported in the table generally correspond to the
  net revenues to the Federal Government attributable to the excise tax on taxable vaccines. The information reported for fiscal years 1999 through 2009
  are CBO projections based on the March 1999 CBO baseline including projected inflation.

                               APPENDICES

   Appendix A.--Excise Tax Rates on Certain Chemical for the Hazardous
                 Substance Superfund Under Prior Law \1\
------------------------------------------------------------------------
             Feedstock chemical (sec. 4661)                 Tax per ton
------------------------------------------------------------------------
Acetylene...............................................           $4.87
Benzene.................................................            4.87
Butane..................................................            4.87
Butylene................................................            4.87
Butadiene...............................................            4.87
Ethylene................................................            4.87
Methane.................................................            3.44
Naphthalene.............................................            4.87
Propylene...............................................            4.87
Toluene.................................................            4.87
Xylene..................................................            4.87
Ammonia.................................................            2.64
Antimony................................................            4.45
Antimony trixode........................................            3.75
Arsenic.................................................            4.45
Arsenic trioxide........................................            3.41
Barium sulfide..........................................            2.30
Bromine.................................................            4.45
Cadmium.................................................            4.45
Chlorine................................................            2.70
Chromium................................................            4.45
Chromite................................................            1.52
Potassium dichromate....................................            1.69
Sodium dichromate.......................................            1.87
Cobalt..................................................            4.45
Cupric sulfate..........................................            1.87
Cupric oxide............................................            3.59
Cuprous oxide...........................................            3.97
Hydrochloric acid.......................................            0.29
Hydrogen fluoride.......................................            4.23
Lead oxide..............................................            4.14
Mercury.................................................            4.45
Nickel..................................................            4.45
Phosphorus..............................................            4.45
Stannous chloride.......................................            2.85
Stannic chloride........................................            2.12
Zinc chloride...........................................            2.22
Zinc sulfate............................................            1.90
Potassium hydroxide.....................................            0.22
Sodium hydroxide........................................            0.28
Sulfuric acid...........................................            0.26
Nitric acid.............................................            0.24
------------------------------------------------------------------------
\1\ The tax on feedstock chemicals expired after December 31, 1995.


  Appendix B.--List of Taxable Substances Subject to the Excise Tax on
 Certain Imported (Chemical) Substances Under Prior Law \1\ (Secs. 4671-
                                  4672)
------------------------------------------------------------------------
         Taxable substance                    Taxable substance
------------------------------------------------------------------------
                        Initial Items Listed \2\
 
Cumene                               Ethylbenzene
Styrene                              Methylene chloride
Ammonium nitrate                     Polypropylene
Nickel oxide                         Propylene glycol
Isopropyl alcohol                    Formaldehyde
Ethylene glycol                      Acetone
Vinyl chloride                       Acrylonitrile
Polyethylene resins, total           Methanol
Polybutadiene                        Propylene oxide
Styrene-butadiene, latex             Polypropylene resins
Styrene-butadiene, snpf              Ethylene oxide
Synthetic rubber, not containing     Ethylene dichloride
 fillers
Urea                                 Cyclohexane
Ferronickel                          Maleic anhydride
Ferrochromium nov 3 pct              Phthalic anhydride
Ferrochrome ov 3 pct. carbon         Ethyl methyl ketone
Unwrought nickel                     Chloroform
Nickel waste and scrap               Carbon tetrachloride
Wrought nickel rods and wire         Chromic acid
Nickel powders                       Hydrogen peroxide
Phenolic resins                      Polystyrene homopolymer resins
Polyvinylchloride resins             Melamine
Polystyrene resins and copolymers    Acrylic and metha-crylic acid
                                      resins
Ethyl alcohol for nonbeverage use    Vinyl resins
Isophthalic acid                     Vinyl resins, NSPF
------------------------------------------------------------------------
\1\ This tax expired after December 31, 1995.
\2\ See section 4672(a)(3).


  Appendix B.--List of Taxable Substances Subject to the Excise Tax on
 Certain Imported (Chemical) Substances Under Prior Law\1\ (Secs. 4671-
                            4672)--Continued
------------------------------------------------------------------------
         Taxable substance                    Taxable substance
------------------------------------------------------------------------
                       Additional Items Listed \3\
 
1,3-butylene glycol                  Formic acid
1,4-butanediol                       Glycerine
1,5,9-cyclododecatriene              Hexabromocyclododecane
2,2,4-trimethyl-1,3-pentanediol      Hexamethylene diamine
  diisobutyrate                      Isobutyl acetate
2,2,4-trimethyl-1,3-pentanediol      Isopropyl acetate
  monoisobutyrate                    Linear alpha olefins
2-ethyl hexanol                      Methyl acrylate
2-ethythexyl acrylate                Methyl chloroform
Acetic acid                          Methyl methacrylate
Acetylene black                      Methyl isobutyl ketone
Adipic acid                          Monochlorobenzene
Adiponitrile                         Monoethanolamine
Allyl chloride                       Monoisopropanolamine
Alpha-methylstyrene                  Normal butyl acetate
Aniline                              Nylon 6/6
Benzaldehyde                         Normal propyl acetate
Benzoic acid                         Ortho-Dichlorobenzene
Bisphenol-A                          Ortho-Nitrochlorobenzene
Butanol                              Para-Dichlorobenzene
Butyl acrylate                       Para-Nitrochlorobenzene
Butyl benzyl phthalate               Para-Nitrophenol
Chlorinated polyethylene             Paraformadlehyde
Cyclododecanol                       Para-Dichlorobenzene
Decarbromodiphenyl oxide             Pentaerythritol
Di-2-ethyl hexyl phthalate           Perchloroethylene
Diethanolamine                       Phenol
Diglycidyl ether of bisphenol-A      Phosphorous pentasulfide
Diisopropanolamine                   Phosphorous trichloride
Dimethyl terephthalate               Poly (69/31 ethylene/
Dimethy 1-2,6-naphthalene              cyclohexylenedimethylene
 dicarboxylate                         terephthalate)
Di-n-hexyl adipate                   Poly (97.5/3.5 ethylene/
Diphenyl oxide                         cyclohexylenedimethylene
Diphenylamine                          terephthalate)
Epichlorohydrin                      Poly (98.5/1.5 ethylene
Ethyl acetate                          cyclohexylenedimethylene
Ethyl acrylate                         terephthalate)
Ethyl chloride                       Poly 1,4 butyleneterephthalate
Ethylene dibromide                   Polyalphaolefins
Ethylenebistetrabromophthalim-       Polybutene
  ide                                Polybutylene
 
 
 
Polybutylene/ethylene                Tetrahydrofuran
Polycarbonate                        Texanol benzyl phthalate
Polyethylene terrephthalate          Toluene diisocyanate
  pellets                            Toluenediamine
Propanol                             Trichloroethylene
Sodium nitriolotriacetate            Triethanolamine
 monohydrate                         Triisopropanolaimine
Terephthalic acid                    Trimethylolpropane
Tetrabromobisphenol-A                Vinyl acetate
Tetrachlorophthalic anydride
------------------------------------------------------------------------
\3\ Items listed after enactment of the tax on imported chemical
  substances. The Secretary of the Treasury was required to add any
  substance to the list (for IRS Form 6627), if the Secretary determined
  that taxable chemicals constituted more than 50 percent of the weight
  or value of the materials used to produce such substance (determined
  on the basis of the predominant method of production); the Secretary
  may remove only those substances which meet neither test.

                                
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