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TITLE <<NOTE: Surface Transportation Revenue Act of 1998.>> IX--
AMENDMENTS OF INTERNAL REVENUE CODE OF 1986
SEC. 9001. SHORT TITLE; AMENDMENT OF 1986 CODE.
(a) <<NOTE: 26 USC 1 note.>> Short Title.--This title may be cited
as the ``Surface Transportation Revenue Act of 1998''.
(b) Amendment of 1986 Code.--Except as otherwise expressly provided,
whenever in this title an amendment or repeal is expressed in terms of
an amendment to, or repeal of, a section or other provision, the
reference shall be considered to be made to a section or other provision
of the Internal Revenue Code of 1986.
SEC. 9002. EXTENSION OF HIGHWAY-RELATED TAXES AND TRUST FUND.
(a) Extension of Taxes.--
(1) In general.--The following provisions are each amended
by striking ``1999'' each place it appears and inserting
``2005'':
(A) Section 4041(a)(1)(C)(iii)(I) (relating to rate
of tax on certain buses).
(B) Section 4041(a)(2)(B) (relating to rate of tax
on special motor fuels), as amended by section 907(a)(1)
of the Taxpayer Relief Act of 1997.
(C) Section 4041(m)(1)(A) (relating to certain
alcohol fuels), as amended by section 907(b) of the
Taxpayer Relief Act of 1997.
(D) Section 4051(c) (relating to termination of tax
on heavy trucks and trailers).
(E) Section 4071(d) (relating to termination of tax
on tires).
(F) Section 4081(d)(1) (relating to termination of
tax on gasoline, diesel fuel, and kerosene).
(G) Section 4481(e) (relating to period tax in
effect).
(H) Section 4482(c)(4) (relating to taxable period).
(I) Section 4482(d) (relating to special rule for
taxable period in which termination date occurs).
(2) Other provisions.--
(A) Floor stocks refunds.--Section 6412(a)(1)
(relating to floor stocks refunds) is amended--
(i) by striking ``1999'' each place it appears
and inserting ``2005'', and
(ii) by striking ``2000'' each place it
appears and inserting ``2006''.
(B) Installment payments of highway use tax.--
Section 6156(e)(2) (relating to installment payments of
highway use tax on use of highway motor vehicles) is
amended by striking ``1999'' and inserting ``2005''.
(b) Extension of Certain Exemptions.--The following provisions are
each amended by striking ``1999'' and inserting ``2005'':
(1) Section 4221(a) (relating to certain tax-free sales).
(2) Section 4483(g) (relating to termination of exemptions
for highway use tax).
(c) Extension of Deposits Into, and Certain Transfers From, Trust
Fund.--
(1) In general.--Subsection (b), and paragraphs (2) and (3)
of subsection (c), of section 9503 (relating to the Highway
Trust Fund) are each amended--
(A) by striking ``1999'' each place it appears and
inserting ``2005'', and
(B) by striking ``2000'' each place it appears and
inserting ``2006''.
(2) Motorboat and small-engine fuel tax transfers.--
(A) In general.--Paragraphs (4)(A)(i) and (5)(A) of
section 9503(c) are each amended by striking ``1998''
and inserting ``2005''.
(B) Conforming amendments to land and water
conservation fund.--Section 201(b) of the Land and Water
Conservation Fund Act of 1965 (16 U.S.C. 460l-11(b)) is
amended--
(i) by striking ``1997'' and inserting
``2003'', and
(ii) by striking ``1998'' each place it
appears and inserting ``2004''.
(3) Conforming amendment.--The heading for paragraph (3) of
section 9503(c) is amended to read as follows:
``(3) Floor stocks refunds.--''.
(d) Extension and Expansion of Expenditures From Trust Fund.--
(1) Highway account.--
(A) Extension of expenditure authority.--Paragraph
(1) of section 9503(c) is amended by striking ``1998''
and inserting ``2003''.
(B) Expansion of purposes.--Paragraph (1) of section
9503(c) is amended--
(i) by striking ``or'' at the end of
subparagraph (C), and
(ii) by striking ``1991.'' in subparagraph (D)
and all that follows through the end of paragraph
(1) and inserting ``1991, or
``(E) authorized to be paid out of the Highway Trust
Fund under the Transportation Equity Act for the 21st
Century.
In determining the authorizations under the Acts referred to in
the preceding subparagraphs, such Acts shall be applied as in
effect on the date of enactment of the Transportation Equity Act
for the 21st Century.''.
(2) Mass transit account.--
(A) Extension of expenditure authority.-- Paragraph
(3) of section 9503(e) is amended by striking ``1998''
and inserting ``2003''.
(B) Expansion of purposes.--Paragraph (3) of section
9503(e) is amended--
(i) by striking ``or'' at the end of
subparagraph (A),
(ii) by adding ``or'' at the end of
subparagraph (B), and
(iii) by striking all that follows
subparagraph (B) and inserting:
``(C) the Transportation Equity Act for the 21st
Century,
as such section and Acts are in effect on the date of enactment
of the Transportation Equity Act for the 21st Century.''.
(e) Technical Correction Relating to Transfers to Mass Transit
Account.--
(1) In general.--Section 9503(e)(2) is amended by striking
the last sentence and inserting the following: ``For purposes of
the preceding sentence, the term `mass transit portion' means,
for any fuel with respect to which tax was imposed under section
4041 or 4081 and otherwise deposited into the Highway Trust
Fund, the amount determined at the rate of--
``(A) except as otherwise provided in this sentence,
2.86 cents per gallon,
``(B) 1.43 cents per gallon in the case of any
partially exempt methanol or ethanol fuel (as defined in
section 4041(m)) none of the alcohol in which consists
of ethanol,
``(C) 1.86 cents per gallon in the case of liquefied
natural gas,
``(D) 2.13 cents per gallon in the case of liquefied
petroleum gas, and
``(E) 9.71 cents per MCF (determined at standard
temperature and pressure) in the case of compressed
natural gas.''.
(2) <<NOTE: 26 USC 9503 note.>> Effective date.--The
amendment made by paragraph (1) shall take effect as if included
in the amendment made by section 901(b) of the Taxpayer Relief
Act of 1997.
(f) Clerical Amendments.--
(1) Paragraph (1) of section 9503(b) is amended by striking
subparagraph (C), by striking ``and tread rubber'' in
subparagraph (D), and by redesignating subparagraphs (D), (E),
and (F) as subparagraphs (C), (D), and (E), respectively.
(2) Clause (i) of section 9503(c)(2)(A) is amended by adding
``and'' at the end of subclause (II), by striking subclause
(III), and by redesignating subclause (IV) as subclause (III).
(3) Clause (ii) of section 9503(c)(2)(A) is amended by
striking ``gasoline, special fuels, and lubricating oil'' each
place it appears and inserting ``fuel''.
SEC. 9003. EXTENSION AND MODIFICATION OF TAX BENEFITS FOR ALCOHOL FUELS.
(a) Extension of Tax Benefits.--
(1) Extension.--The following provisions are each amended by
striking ``2000'' each place it appears and inserting ``2007'':
(A) Section 4041(b)(2)(C) (relating to termination
of reduction in tax for qualified methanol and ethanol
fuel).
(B) Section 4041(k)(3) (relating to termination of
rates relating to fuels containing alcohol).
(C) Section 4081(c)(8) (relating to termination of
special rate for taxable fuels mixed with alcohol).
(D) Section 4091(c)(5) (relating to termination of
reduced rate of tax for aviation fuel in alcohol
mixture, etc.).
(2) Extension of refund authority.--Paragraph (4) of section
6427(f) (relating to refund for gasoline, diesel fuel, and
aviation fuel used to produce certain alcohol fuels), as amended
by the Taxpayer Relief Act of 1997, is amended by striking
``1999'' and inserting ``2007''.
(3) Credit for alcohol used as a fuel.--Paragraph (1) of
section 40(e) (relating to termination of credit for alcohol
used as a fuel) is amended--
(A) by striking ``December 31, 2000'' in
subparagraph (A) and inserting ``December 31, 2007'',
and
(B) by striking ``January 1, 2001'' and inserting
``January 1, 2008''.
(4) Tariff schedule.--Headings 9901.00.50 and 9901.00.52 of
the Harmonized Tariff Schedule of the United States (19 U.S.C.
3007) are each amended in the effective period column by
striking ``10/1/2000'' each place it appears and inserting ``10/
1/2007''.
(b) Modification.--
(1) In general.--Subsection (h) of section 40 (relating to
alcohol used as fuel) is amended to read as follows:
``(h) Reduced Credit for Ethanol Blenders.--
``(1) In general.--In the case of any alcohol mixture credit
or alcohol credit with respect to any sale or use of alcohol
which is ethanol during calendar years 2001 through 2007--
``(A) subsections (b)(1)(A) and (b)(2)(A) shall be
applied by substituting `the blender amount' for `60
cents',
``(B) subsection (b)(3) shall be applied by
substituting `the low-proof blender amount' for `45
cents' and `the blender amount' for `60 cents', and
``(C) subparagraphs (A) and (B) of subsection (d)(3)
shall be applied by substituting `the blender amount'
for `60 cents' and `the low-proof blender amount' for
`45 cents'.
``(2) Amounts.--For purposes of paragraph (1), the blender
amount and the low-proof blender amount shall be determined in
accordance with the following table:
In the case of any sale The low-proof
or use during calendar The blender blender amount
year: amount is: is:
2001 or 2002 53 cents 39.26 cents
2003 or 2004 52 cents 38.52 cents
2005, 2006, or 2007.... 51 cents 37.78
cents.''.
(2) Conforming amendments.--
(A) Section 4041(b)(2) is amended--
(i) in subparagraph (A)(i), by striking ``5.4
cents'' and inserting ``the applicable blender
rate'', and
(ii) by redesignating subparagraph (C), as
amended by subsection (a)(1)(A), as subparagraph
(D) and by inserting after subparagraph (B) the
following:
``(C) Applicable blender rate.--For purposes of
subparagraph (A)(i), the applicable blender rate is--
``(i) except as provided in clause (ii), 5.4
cents, and
``(ii) for sales or uses during calendar years
2001 through 2007, \1/10\ of the blender amount
applicable under section 40(h)(2) for the calendar
year in which the sale or use occurs.''.
(B) Subparagraph (A) of section 4081(c)(4) is
amended to read as follows:
``(A) General rules.--
``(i) Mixtures containing ethanol.--Except as
provided in clause (ii), in the case of a
qualified alcohol mixture which contains gasoline,
the alcohol mixture rate is the excess of the rate
which would (but for this paragraph) be determined
under subsection (a) over--
``(I) in the case of 10 percent
gasohol, the applicable blender rate (as
defined in section 4041(b)(2)(C)) per
gallon,
``(II) in the case of 7.7 percent
gasohol, the number of cents per gallon
equal to 77 percent of such applicable
blender rate, and
``(III) in the case of 5.7 percent
gasohol, the number of cents per gallon
equal to 57 percent of such applicable
blender rate.
``(ii) Mixtures not containing ethanol.--In
the case of a qualified alcohol mixture which
contains gasoline and none of the alcohol in which
consists of ethanol, the alcohol mixture rate is
the excess of the rate which would (but for this
paragraph) be determined under subsection (a)
over--
``(I) in the case of 10 percent
gasohol, 6 cents per gallon,
``(II) in the case of 7.7 percent
gasohol, 4.62 cents per gallon, and
``(III) in the case of 5.7 percent
gasohol, 3.42 cents per gallon.''.
(C) Section 4081(c)(5) is amended by striking ``5.4
cents'' and inserting ``the applicable blender rate (as
defined in section 4041(b)(2)(C))''.
(D) Section 4091(c)(1) is amended by striking ``13.4
cents'' each place it appears and inserting ``the
applicable blender amount'' and by adding at the end the
following: ``For purposes of this paragraph, the term
`applicable blender amount' means 13.3 cents in the case
of any sale or use during 2001 or 2002, 13.2 cents in
the case of any sale or use during 2003 or 2004, 13.1
cents in the case of any sale or use during 2005, 2006,
or 2007, and 13.4 cents in the case of any sale or use
during 2008 or thereafter.''.
(3) <<NOTE: 26 USC 40 note.>> Effective date.--The
amendments made by this subsection shall take effect on January
1, 2001.
SEC. 9004. MODIFICATIONS TO HIGHWAY TRUST FUND.
(a) Determination of Trust Fund Balances After September 30, 1998.--
(1) In general.--Section 9503 (relating to Highway Trust
Fund) is amended by adding at the end the following new
subsection:
``(f) Determination of Trust Fund Balances After September 30,
1998.--For purposes of determining the balances of the Highway Trust
Fund and the Mass Transit Account after September 30, 1998--
``(1) the opening balance of the Highway Trust Fund (other
than the Mass Transit Account) on October 1, 1998, shall be
$8,000,000,000, and
``(2) no interest accruing after September 30, 1998, on any
obligation held by such Fund shall be credited to such Fund.
The Secretary shall cancel obligations held by the Highway Trust Fund to
reflect the reduction in the balance under this subsection.''.
(2) <<NOTE: 26 USC 9503 note.>> Effective date.--The
amendment made by paragraph (1) shall take effect on October 1,
1998.
(b) Repeal of Limitation on Expenditures Added by Taxpayer Relief
Act of 1997.--
(1) In general.--Subsection (c) of section 9503 (relating to
expenditures from Highway Trust Fund) is amended by striking
paragraph (7).
(2) <<NOTE: 26 USC 9503 note.>> Effective date.--The
amendment made by paragraph (1) shall take effect as if included
in the amendments made by section 901 of the Taxpayer Relief Act
of 1997.
(c) Limitation on Expenditure Authority.--Subsection (b) of section
9503 (relating to transfers to Highway Trust Fund) is amended by adding
at the end the following new paragraph:
``(6) Limitation on transfers to highway trust fund.--
``(A) In general.--Except as provided in
subparagraph (B), no amount may be appropriated to the
Highway Trust Fund on and after the date of any
expenditure from the Highway Trust Fund which is not
permitted by this section. The determination of whether
an expenditure is so permitted shall be made without
regard to--
``(i) any provision of law which is not
contained or referenced in this title or in a
revenue Act, and
``(ii) whether such provision of law is a
subsequently enacted provision or directly or
indirectly seeks to waive the application of this
paragraph.
``(B) Exception for prior obligations.--Subparagraph
(A) shall not apply to any expenditure to liquidate any
contract entered into (or for any amount otherwise
obligated) before October 1, 2003, in accordance with
the provisions of this section.''.
(d) Modification of Mass Transit Account Rules on Adjustments of
Apportionments.--Paragraph (4) of section 9503(e) is amended to read as
follows:
``(4) Limitation.--Rules similar to the rules of subsection
(d) shall apply to the Mass Transit Account.''.
SEC. 9005. PROVISIONS RELATING TO AQUATIC RESOURCES TRUST FUND.
(a) Increased Transfers.--
(1) Subparagraph (D) of section 9503(b)(4), as amended by
section 9011, is amended by striking ``exceeds 11.5 cents per
gallon,'' and inserting ``exceeds--
``(i) 11.5 cents per gallon with respect to
taxes imposed before October 1, 2001,
``(ii) 13 cents per gallon with respect to
taxes imposed after September 30, 2001, and before
October 1, 2003, and
``(iii) 13.5 cents per gallon with respect to
taxes imposed after September 30, 2003, and before
October 1, 2005,''.
(2) Clause (ii) of section 9503(c)(4)(A) is amended by
adding at the end the following new flush sentence:
``In making the determination under subclause (II)
for any fiscal year, the Secretary shall not take
into account any amount appropriated from the Boat
Safety Account in any preceding fiscal year but
not distributed.''.
(b) Expansion of Expenditure Authority From Boat Safety Account.--
Section 9504(b)(2) (relating to expenditures from Sport Fish Restoration
Account) is amended--
(1) in subparagraph (A) by striking ``October 1, 1988),
and'' and inserting ``the date of the enactment of the
Transportation Equity Act for the 21st Century),'',
(2) in subparagraph (B) by striking ``November 29, 1990''
and inserting ``the date of the enactment of the Transportation
Equity Act for the 21st Century'', and
(3) by redesignating subparagraph (B) as subparagraph (C)
and by inserting after subparagraph (A) the following new
subparagraph:
``(B) to carry out the purposes of section 7404(d)
of the Transportation Equity Act for the 21st Century
(as in effect on the date of the enactment of such Act),
and''.
(c) Extension and Expansion of Expenditure Authority From Boat
Safety Account.--Section 9504(c) (relating to expenditures from Boat
Safety Account) is amended--
(1) by striking ``1998'' and inserting ``2003'', and
(2) by striking ``October 1, 1988'' and inserting ``the date
of enactment of the Transportation Equity Act for the 21st
Century''.
(d) Limitation on Expenditure Authority.--Section 9504 (relating to
Aquatic Resources Trust Fund) is amended by redesignating subsection (d)
as subsection (e) and by inserting after subsection (c) the following:
``(d) Limitation on Transfers to Aquatic Resources Trust Fund.--
``(1) In general.--Except as provided in paragraph (2), no
amount may be appropriated or paid to any Account in the Aquatic
Resources Trust Fund on and after the date of any expenditure
from any such Account which is not permitted by this section.
The determination of whether an expenditure is so permitted
shall be made without regard to--
``(A) any provision of law which is not contained or
referenced in this title or in a revenue Act, and
``(B) whether such provision of law is a
subsequently enacted provision or directly or indirectly
seeks to waive the application of this subsection.
``(2) Exception for prior obligations.--Paragraph (1) shall
not apply to any expenditure to liquidate any contract entered
into (or for any amount otherwise obligated) before
October 1, 2003, in accordance with the provisions of this
section.''.
(e) <<NOTE: 26 USC 9503 note.>> Effective Date.--The amendments
made by this section shall take effect on the date of enactment of this
Act.
SEC. 9006. REPEAL OF 1.25 CENT TAX RATE ON RAIL DIESEL FUEL.
(a) In General.--Section 4041(a)(1)(C)(ii) (relating to rate of tax
on trains) is amended--
(1) in subclause (II), by striking ``October 1, 1999'' and
inserting ``November 1, 1998'', and
(2) in subclause (III), by striking ``September 30, 1999''
and inserting ``October 31, 1998''.
(b) Conforming Amendments.--
(1) Section 6421(f)(3)(B) is amended--
(A) in clause (ii), by striking ``October 1, 1999''
and inserting ``November 1, 1998'', and
(B) in clause (iii), by striking ``September 30,
1999'' and inserting ``October 31, 1998''.
(2) Section 6427(l)(3)(B) is amended--
(A) in clause (ii), by striking ``October 1, 1999''
and inserting ``November 1, 1998'', and
(B) in clause (iii), by striking ``September 30,
1999'' and inserting ``October 31, 1998''.
SEC. 9007. ADDITIONAL QUALIFIED EXPENSES AVAILABLE TO NONAMTRAK STATES.
(a) In General.--Section 977(e)(1)(B) of the Taxpayer Relief Act of
1997 <<NOTE: 26 USC 172 note.>> (defining qualified expenses) is
amended--
(1) by striking ``and'' at the end of clause (iii), and
(2) by striking clause (iv) and inserting the following:
``(iv) capital expenditures related to State-
owned rail operations in the State,
``(v) any project that is eligible to receive
funding under section 5309, 5310, or 5311 of title
49, United States Code,
``(vi) any project that is eligible to receive
funding under section 103, 130, 133, 144, 149, or
152 of title 23, United States Code,
``(vii) the upgrading and maintenance of
intercity primary and rural air service
facilities, and the purchase of intercity air
service between primary and rural airports and
regional hubs,
``(viii) the provision of passenger ferryboat
service within the State,
``(ix) the provision of harbor improvements
within the State, and
``(x) the payment of interest and principal on
obligations incurred for such acquisition,
upgrading, maintenance, purchase, expenditures,
provision, and projects.''.
(b) <<NOTE: 26 USC 172 note.>> Effective Date.--The amendments made
by this section shall take effect as if included in the enactment of
section 977 of the Taxpayer Relief Act of 1997.
SEC. 9008. DELAY IN EFFECTIVE DATE OF NEW REQUIREMENT FOR APPROVED
DIESEL OR KEROSENE TERMINALS.
Subsection (f) of section 1032 of the Taxpayer Relief Act of
1997 <<NOTE: 26 USC 4041 note.>> is amended to read as follows:
``(f) Effective Dates.--
``(1) Except as provided in paragraph (2), the amendments
made by this section shall take effect on July 1, 1998.
``(2) The amendment made by subsection (d) shall take effect
on July 1, 2000.''.
SEC. 9009. SIMPLIFIED FUEL TAX REFUND PROCEDURES.
(a) In General.--Subparagraph (A) of section 6427(i)(2) is amended
to read as follows:
``(A) In general.--If, at the close of any quarter
of the taxable year of any person, at least $750 is
payable in the aggregate under subsections (a), (b),
(d), (h), (l), and (q) of this section and section 6421
to such person with respect to fuel used during--
``(i) such quarter, or
``(ii) any prior quarter (for which no other
claim has been filed) during such taxable year,
a claim may be filed under this section with respect to
such fuel.''.
(b) Conforming Amendments.--
(1) Subsection (i) of section 6427 is amended by striking
paragraph (4) and by redesignating paragraph (5) as paragraph
(4).
(2) Paragraph (2) of section 6427(k) is amended to read as
follows:
``(2) Exception.--Paragraph (1) shall not apply to a payment
of a claim filed under paragraph (2), (3), or (4) of subsection
(i).''.
(3) Paragraph (2) of section 6421(d) is amended to read as
follows:
``(2) Exception.--
``For payments per quarter based on aggregate amounts
payable under this section and section 6427, see section
6427(i)(2).''.
(c) <<NOTE: 26 USC 6421 note.>> Effective Date.--The amendments
made by this section shall take effect on October 1, 1998.
SEC. 9010. ELECTION TO RECEIVE TAXABLE CASH COMPENSATION IN LIEU OF
NONTAXABLE QUALIFIED TRANSPORTATION FRINGE BENEFITS.
(a) No Constructive Receipt.--
(1) In general.--Paragraph (4) of section 132(f) (relating
to qualified transportation fringe) is amended to read as
follows:
``(4) No constructive receipt.--No amount shall be included
in the gross income of an employee solely because the employee
may choose between any qualified transportation fringe and
compensation which would otherwise be includible in gross income
of such employee.''.
(2) <<NOTE: 26 USC 132 note.>> Effective date.--The
amendment made by this subsection shall apply to taxable years
beginning after December 31, 1997.
(b) Inflation Adjustment Only After 1999.--
(1) In general.--Paragraph (6) of section 132(f) (relating
to qualified transportation fringe) is amended to read as
follows:
``(6) Inflation adjustment.--
``(A) In general.--In the case of any taxable year
beginning in a calendar year after 1999, the dollar
amounts
contained in subparagraphs (A) and (B) of paragraph (2)
shall be increased by an amount equal to--
``(i) such dollar amount, multiplied by
``(ii) the cost-of-living adjustment
determined under section 1(f)(3) for the calendar
year in which the taxable year begins, by
substituting `calendar year 1998' for `calendar
year 1992'.
``(B) Rounding.--If any increase determined under
subparagraph (A) is not a multiple of $5, such increase
shall be rounded to the next lowest multiple of $5.''.
(2) Conforming amendments.--Section 132(f)(2) is amended--
(A) by striking ``$60'' in subparagraph (A) and
inserting ``$65'', and
(B) by striking ``$155'' in subparagraph (B) and
inserting ``$175''.
(3) <<NOTE: 26 USC 132 note.>> Effective Date.--The
amendments made by this subsection shall apply to taxable years
beginning after December 31, 1998.
(c) Increase in Maximum Exclusion for Employer-Provided Transit
Passes.--
(1) In general.--Subparagraph (A) of section 132(f)(2)
(relating to limitation on exclusion) is amended by striking
``$65'' and inserting ``$100''.
(2) New base period for inflation adjustment.--Subparagraph
(A) of section 132(f)(6) is amended by adding at the end the
following flush sentence:
``In the case of any taxable year beginning in a
calendar year after 2002, clause (ii) shall be applied
by substituting `calendar year 2001' for `calendar year
1998' for purposes of adjusting the dollar amount
contained in paragraph (2)(A).''.
(3) <<NOTE: 26 USC 132 note.>> Effective date.--The
amendments made by this subsection shall apply to taxable years
beginning after December 31, 2001.
SEC. 9011. REPEAL OF NATIONAL RECREATIONAL TRAILS TRUST FUND.
(a) In General.--Section 9511 (relating to National Recreational
Trails Trust Fund) is repealed.
(b) Conforming Amendments.--
(1) Section 9503(c) is amended by striking paragraph (6).
(2) Subparagraph (D) of section 9503(b)(4) is amended to
read as follows:
``(D) in the case of gasoline and special motor
fuels used as described in paragraph (4)(D) or (5)(B) of
subsection (c), section 4041 or 4081 with respect to so
much of the rate of tax as exceeds 11.5 cents per
gallon,''.
(3) The table of sections for subchapter A of chapter 98 is
amended by striking the item relating to section 9511.
SEC. 9012. IDENTIFICATION OF LIMITED TAX BENEFITS SUBJECT TO LINE ITEM
VETO.
For purposes of part C of title X of the Congressional Budget and
Impoundment Control Act of 1974 (relating to line item veto), the Joint
Committee on Taxation has determined that this title does not contain
any limited tax benefit (as defined in such part).
Approved June 9, 1998.
LEGISLATIVE HISTORY--H.R. 2400 (S. 1173):
---------------------------------------------------------------------------
HOUSE REPORTS: Nos. 105-467, Pts. 1 and 2 (Comm. on Transportation and
Infrastructure) and Pt. 3 (Comm. on Ways and Means), and 105-550 (Comm.
of Conference).
SENATE REPORTS: No. 105-95 accompanying S. 1173 (Comm. on Environment
and Public Works).
CONGRESSIONAL RECORD, Vol. 144 (1998):
Apr. 1, considered and passed House.
Apr. 2, considered and passed Senate, amended, in lieu of S.
1173.
May 22, House and Senate agreed to conference report.
WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 34 (1998):
June 9, Presidential remarks and statement.
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