Page:United States Statutes at Large Volume 107 Part 1.djvu/536

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107 STAT. 510 PUBLIC LAW 103-66 —AUG. 10, 1993 PART IV—TRANSPORTATION FUELS PROVISIONS Subpart A—Transportation Fuels Tax SEC. 13241. TRANSPORTATION FUELS TAX. (a) GASOLINE.— Clause (iii) of section 4081(a)(2)(B) (relating 26 USC 4081. to rates of tax) is amended to read as follows: (iii) the deficit reduction rate is 6.8 cents per gallon." (b) DIESEL FUEL AND NONCOMMERCIAL AVIATION FUEL.— (1) DIESEL FUEL. —Paragraph (4) of section 4091(b) (relating to rate of tax) is amended by striking "2.5 cents" and inserting "6.8 cents". (2) AVIATION FUEL. — (A) GASOLINE IN NONCOMMERCIAL AVIATION.— Paragraph (3) of section 4041(c) is amended to read as follows: "(3) RATE OF TAX. —The rate of tax imposed by paragraph (2) on any gasoline is 1 cent per gallon." (B) FUEL OTHER THAN GASOLINE. — (i) Clause (ii) of section 4091(b)(l)(A) is amended by inserting "and the aviation fiiel deficit reduction rate" after "financing rate". (ii) Subsection (b) of section 4091 is amended by redesignating paragraph (6) as paragraph (7) and by inserting after paragraph (5) the following new paragraph: "(6) AVIATION FUEL DEFICIT REDUCTION RATE.—For purposes of paragraph (1), the aviation fiiel deficit reduction rate is 4.3 cents per gallon." (iii) Paragraph (1) of section 4041(c) is amended— (I) by striking "of 17.5 cents a gallon", and (II) by inserting before the last sentence the following new sentence: "The rate of the tax imposed by tiiis paragraph shall be the sum of the Airport and Airway Trust Fund financing rate and the aviation fiiel deficit reduction rate in effect under section 4091 at the time of such sale or use." (c) CERTAIN ALCOHOL FUELS. —Section 4041(m)(l)(A) is amended to read as follows: "(A) under subsection (a)(2)— "(i) the Highway Trust Fund financing rate shall be 5.75 cents per gallon, and "(ii) the deficit reduction rate shall be 5.55 cents per gallon." (d) FUEL USED IN COMMERCUL TRANSPORTATION ON INLAND WATERWAYS. — (1) IN GENERAL.— Section 4042(b)(l) (relating to amount oftax) is amended— (A) by striking "and" at the end of subparagraph (A), (B) by striking the period at the end of subparagraph (B) and inserting ", and", and (C) by adding at the end thereof the following new subparagraph: "(C) the deficit reduction rate."