105th CONGRESS
          1st Session
          To amend the Internal Revenue Code of 1986 to provide for the
          deposit of the general revenue portion of the motor fuel excise
          taxes into the Highway Trust Fund and Airport and Airway Trust 
          Fund, and for other purposes.
                             IN THE HOUSE OF REPRESENTATIVES
                                    February 6, 1997
          Mr. LATOURETTE (for himself, Mr. MCCOLLUM, Mr. GILLMOR, Mr. PITTS,
              Mr. PETRI, Mr. CLEMENT, Mr. METCALF, Mr. PEASE, and Mr. CRAMER)
              introduced the following bill; which was referred to the
              Committee on Ways and Means
                                         A BILL
          To amend the Internal Revenue Code of 1986 to provide for the
          deposit of the general revenue portion of the motor fuel excise
          taxes into the Highway Trust Fund and Airport and Airway Trust 
          Fund, and for other purposes.
              Be it enacted by the Senate and House of
          Representatives of the United States of America in Congress
          assembled, 
          SECTION 1. GENERAL REVENUE PORTION OF HIGHWAY MOTOR FUEL EXCISE TAX
                            REVENUES TO BE DEPOSITED INTO HIGHWAY TRUST FUND.
            (a) IN GENERAL- Paragraph (4) of section 9503(b) of the Internal
          Revenue Code of 1986 (relating to certain additional taxes not
          transferred to Highway Trust Fund) is amended to read as follows:
                `(4) CERTAIN TAXES NOT TRANSFERRED TO HIGHWAY TRUST FUND- For
              purposes of paragraphs (1) and (2), there shall not be taken
              into account the taxes imposed by--
                    `(A) section 4041(d),
                    `(B) section 4081 to the extent attributable to the rate
                  specified in section 4081(a)(2)(B), or
                    `(C) section 4041 or 4081 to the extent attributable to
                  fuel used in a train.'
            (b) INCREASED REVENUES TO MASS TRANSIT ACCOUNT- Paragraph (2) of
          section 9503(e) of such Code (relating to transfers to mass transit
          account) is amended by striking `2 cents' and inserting `2.86 cents'.
            (c) CONFORMING AMENDMENTS- 
                (1) Subparagraph (B) of section 40(e)(1) of such Code is
              amended by striking `during which the Highway Trust Fund
              financing rate under section 4081(a)(2) is not in effect' and
              inserting `during which the rates of tax specified in section
              4081(a)(2)(A) are not in effect'.
                (2) Paragraph (2) of section 9502(b) of such Code is amended
              by striking `(to the extent of 15 cents per gallon)'.
                (3) The last sentence of subparagraph (A) of section
              9503(c)(2) of such Code is amended by striking `by taking into
              account only the Highway Trust Fund financing rate applicable 
              to any fuel' and inserting `by taking into account only the
              portion of the taxes which are deposited into the Highway Trust
              Fund'.
                (4) Subparagraph (D) of section 9503(c)(4) of such Code is
              amended by striking `the Highway Trust Fund financing rate' and
              inserting `so much of the rate specified in section
              4081(a)(2)(A)(i) as exceeds 4.3 cents per gallon'.
                (5) Subparagraph (B) of section 9503(c)(5) of such Code is
              amended by striking `the Highway Trust Fund financing rate' and
              inserting `so much of the rate specified in section
              4081(a)(2)(A)(i) as exceeds 4.3 cents per gallon'.
                (6) Subparagraph (D) of section 9503(c)(6) of such Code is
              amended by striking `the Highway Trust Fund financing rate' and
              inserting `so much of a rate of tax under section 4081(a)(2)(A)
              as exceeds 4.3 cents per gallon'.
                (7) Subsection (f) of section 9503 of such Code is hereby
              repealed.
            (d) EFFECTIVE DATE- The amendments made by this section shall
          apply to amounts received in the Treasury after the date of the
          enactment of this Act.
          SEC. 2. GENERAL REVENUE PORTION OF AVIATION FUEL EXCISE TAX 
                            REVENUES TO BE DEPOSITED INTO AIRPORT AND AIRWAY
                            TRUST FUND.
            (a) IN GENERAL- Paragraph (3) of section 9502(b) of the Internal
          Revenue Code of 1986 (relating to transfer to Airport and Airway
          Trust Fund of amounts equivalent to certain taxes) is amended by
          striking `(to the extent attributable to the Airport and Airway
          Trust Fund financing rate)'.
            (b) CONFORMING AMENDMENT- Subsection (f) of section 9502 of such
          Code is hereby repealed.
            (c) EFFECTIVE DATE- The amendments made by this section shall
          apply to amounts received in the Treasury after the date of the
          enactment of this Act.