[Congressional Record Volume 161, Number 118 (Sunday, July 26, 2015)]
[Senate]
[Pages S5724-S5725]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2388. Mr. COATS submitted an amendment intended to be proposed by
him to the bill H.R. 22, to amend the Internal Revenue Code of 1986 to
exempt employees with health coverage under TRICARE or the Veterans
Administration from being taken into account for purposes of
determining the employers to which the employer mandate applies under
the Patient Protection and Affordable Care Act; which was ordered to
lie on the table; as follows:
At the appropriate place, insert the following:
SEC. _____. FUNDING FOR FREIGHT CORRIDOR IMPROVEMENT.
(a) Increase in Tax on Diesel Fuel.--
(1) In general.--Section 4081(a)(2) of the Internal Revenue
Code of 1986 is amended by adding at the end the following
new subparagraph:
``(E) Temporary increase in rate of tax on diesel fuel.--In
the case of diesel fuel and diesel-water fuel emulsions
removed, sold, or entered before January 1, 2022--
[[Page S5725]]
``(i) the rate of tax under subparagraph (A)(iii) shall be
34.3 cents, and
``(ii) subparagraph (D) shall be applied by substituting
`27.7' for `19.7'.''.
(2) Effective date.--The amendment made by this section
shall apply to diesel fuel and diesel-water fuel emulsions
removed, entered, or sold after December 31, 2015.
(b) Advanced Repayment of Increase to Owners and Original
Purchasers of Diesel-powered Automobiles and Light Trucks.--
(1) In general.--Section 6427 of the Internal Revenue Code
of 1986 is amended by inserting after subsection (f) the
following new subsection:
``(g) Advance Repayment of Increased Diesel Fuel Tax to
Owners and Original Purchasers of Diesel-powered Automobiles
and Light Trucks.--
``(1) In general.--Except as provided in subsection (k),
the Secretary shall pay (without interest) an amount equal to
the diesel fuel differential amount to the original purchaser
of any qualified diesel-powered highway vehicle purchased
after such date.
``(2) Qualified diesel-powered highway vehicle.--For
purposes of this subsection, the term `qualified diesel-
powered highway vehicle' means any diesel-powered highway
vehicle which--
``(A) has at least 4 wheels,
``(B) has a gross vehicle weight rating of 10,000 pounds or
less, and
``(C) is registered for highway use in the United States
under the laws of any State.
``(3) Diesel fuel differential amount.--For purposes of
this subsection, the `diesel fuel differential amount' shall
be determined as follows:
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In the case of a truck or
``Year of purchase van, the diesel fuel In the case of any other highway vehicle,
differential amount is-- the diesel fuel differential amount is--
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2016.................................. $240......................... $180
2017.................................. 200.......................... 150
2018.................................. 160.......................... 120
2019.................................. 120.......................... 90
2020.................................. 80........................... 60
2021.................................. 40........................... 30
2022 and thereafter................... 0............................ 0.
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``(4) Original purchaser.--For purposes of this
subsection--
``(A) In general.--Except as provided in subparagraph (B),
the term `original purchaser' means the first person to
purchase the qualified diesel-powered vehicle for use other
than resale.
``(B) Exception for certain persons not subject to fuels
tax.--The term `original purchaser' shall not include any
State or local government (as defined in section 4221(d)(4))
or any nonprofit educational organization (as defined in
section 4221(d)(5)).
``(C) Treatment of demonstration use by dealer.--For
purposes of subparagraph (A), use as a demonstrator by a
dealer shall not be taken into account.
``(5) Special rule for certain vehicles held on january 1,
2016.--In the case of any person holding a qualified diesel-
powered highway vehicle on January 1, 2016, such person shall
be treated as if the person originally purchased such vehicle
on January 1, 2016.
``(6) Basis reduction.--For the purposes of subtitle A, the
basis of any qualified diesel-powered highway vehicle shall
be reduced by the amount payable under this subsection with
respect to such vehicle.''.
(2) Effective date.--The amendment made by this subsection
shall apply to vehicles purchased after December 31, 2015.
(c) Freight Corridor Improvement Account.--
(1) In general.--Section 9503 of the Internal Revenue Code
of 1986 is amended by adding at the end the following new
subsection:
``(g) Establishment of Freight Corridor Improvement
Account.--
``(1) Creation of account.--There is established in the
Highway Trust Fund a separate account to be known as the
`Freight Corridor Improvement Account' consisting of such
amounts as may be transferred or credited to the Freight
Corridor Improvement Account as provided in this section or
section 9602(b).
``(2) Transfers to freight corridor improvement account.--
The Secretary of the Treasury shall transfer to the Freight
Corridor Improvement Account an amount equal to 10 cents per
gallon of the amounts appropriated to the Highway Trust Fund
under subsection (b) which are attributable to the tax
imposed on diesel fuel and diesel-water fuel emulsions under
section 4081.
``(3) Expenditures from account.--
``(A) In general.--Amounts in the Freight Corridor
Improvement Account shall be available, as provided by
appropriation Acts, for expenditures before October 1, 2022,
which are--
``(i) in accordance with section 167 of title23, United
States Code, as in effect on the date of the enactment of the
DRIVE Act, and
``(ii) for the primary highway freight system designated
under section 167(d) of such title, determined without regard
to paragraph (3) thereof.
``(B) Amounts related to advance repayment of increased
diesel fuel taxes.--The Secretary shall pay from time to time
from the Freight Corridor Improvement Account to the general
fund of the Treasury amounts (as determined by the Secretary)
equivalent to the payments made under section 6427(g).''.
(2) Conforming amendment.--Section 9503(e)(5)(B) of such
Code is amended by inserting ``or the Freight Corridor
Improvement Account'' after ``Mass Transit Account''.
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