Page:United States Statutes at Large Volume 100 Part 2.djvu/678

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PUBLIC LAW 99-000—MMMM. DD, 1986

100 STAT. 1780

PUBLIC LAW 99-499—OCT. 17, 1986

26 USC 4221. ~ > • •'

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26 USC 4041 note.

(B) Subparagraph (C) of section 1703(c)(2) of the Tax Reform Act of 1986 is amended to read as follows: "(C) Subsection (a) of section 4221 (relating to certain taxfree sales) is amended— "(i) by inserting 'or section 4081 (at the Highway Trust Fund financing rate)'before'section 4121'in the

"(ii) by striking out '4071, or 4081 (at the Highway '••• Trust Fund financing rate)' in the last sentence and

inserting in lieu thereof 'or 4071'." (5) Paragraph (2) of section 6416(b) of such Code is amended by i inserting "or under paragraph (I)(A) or (2)(A) of section 4041(d) after "section 4041(a)". (e) EFFECTIVE DATE.—"The amendments made by this section shall take effect on January 1, 1987. SEC. 522. LEAKING UNDERGROUND STORAGE TANK TRUST FUND.

(a) IN GENERAL.—Subchapter A of chapter 98 of the Internal Revenue Code of 1986 (relating to establishment of trust funds) is amended by adding after section 9507 the following new section: 26 USC 9508.

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Ante, p. 1698.

"SEC. 9508. LEAKING UNDERGROUND STORAGE TANK TRUST FUND.

"(a) CREATION OF TRUST FUND.—There is established in the Treasury of the United States a trust fund to be known as the 'Leaking Underground Storage Tank Trust Fund', consisting of such amounts as may be appropriated or credited to such Trust Fund as provided in this section or section 9602(b). "(b) TRANSFERS TO TRUST FUND.—There are hereby appropriated to the Leaking Underground Storage Tank Trust Fund amounts equivalent to— "(1) taxes received in the Treasury under section 4041(d) (relating to additional taxes on motor fuels), "(2) taxes received in the Treasury under section 4081 (relating to tax on gsisoline) to the extent attributable to the Leaking Underground Storage Tank Trust Fund financing rate under such section, 'A "(3) taxes received in the Treasury under section 4042 (relat~ ing to tax on fuel used in commercial transportation on inland waterways) to the extent attributable to the Leaking Under^- ground Storage Tank Trust Fund financing rate under such section, and "(4) amounts received in the Treasury and collected under section 9003(h)(6) of the Solid Waste Disposal Act. "(c) EXPENDITURES.—

"(1) IN GENERAL.—Except as provided in paragraph (2), i-'j amounts in the Leaking Underground Storage Tank Trust Fund • i shall be available, as provided in appropriation Acts, only for

  • purposes of making expenditures to carry out section 9003(h) of

the Solid Waste Disposal Act as in effect on the date of the enactment of the Superfund Amendments and Reauthorization Act of 1986. B»-

"(2) TRANSFERS FROM TRUST FUND FOR CERTAIN REPAYMENTS AND CREDITS.—

ji; "(A) IN GENERAL.—The Secretary shall pay from time to If time from the Leaking Underground Storage Tank Trust uriif'% Fund into the general fund of the Treasury amounts equivalent to—