Page:United States Statutes at Large Volume 110 Part 3.djvu/111

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PUBLIC LAW 104-188—AUG. 20, 1996 110 STAT. 1841 "(I) the earliest date on which such bonds may be redeemed, or "(11) the date of the election. "(C) RELATED PERSONS.— For purposes of this paragraph, the term 'person' includes a group of related persons (within the meaning of section 144(a)(3)) which includes such person.". (b) No INFERENCE WITH RESPECT TO OUTSTANDING BONDS.— 26 USC 142 note. The use of the term "person" in section 142(f)(3) of the Internal Revenue Code of 1986, as added by subsection (a), shall not be construed to affect the tax-exempt status of interest on any bonds issued before the date of the enactment of this Act. SEC. 1609. EXTENSION OF AIRPORT AND AIRWAY TRUST FUND EXCISE TAXES. (a) FUEL TAX.— (1) Subparagraph (A) of section 4091(b)(3) is amended to read as follows: "(A) The rate of tax specified in paragraph (1) shall be 4.3 cents per gallon— "(i) after December 31, 1995, and before the date which is 7 calendar days after the date of the enactment of the Small Business Job Protection Act of 1996, and "(ii) after December 31, 1996.". (2) Section 4081(d) is amended— (A) by adding at the end the following new paragraph: "(3) AVIATION GASOLINE. —After December 31, 1996, the rate of tax specified in subsection (a)(2)(A)(i) on aviation gasoline shall be 4.3 cents per gallon.", and (B) by inserting "(other than the tax on aviation gasoline)" after "subsection (a)(2)(A)". (3) Section 4041(c)(5) is amended by inserting ", and during the period beginning on the date which is 7 calendar days after the date of the enactment of the Small Business Job Protection Act of 1996 and ending on December 31, 1996" after "December 31, 1995". (b) TICKET TAXES.—Sections 4261(g) and 4271(d) are each amended by striking "January 1, 1996" and inserting "January 1, 1996, and to transportation beginning on or after the date which is 7 calendar days after the date of the enactment of the Small Business Job Protection Act of 1996 and before January 1, 1997". (c) TRANSFERS TO AIRPORT AND AIRWAY TRUST FUND. — (1) Subsection (b) of section 9502 is amended by striking "January 1, 1996" each place it appears and inserting "January 1, 1997". (2) Paragraph (3) of section 9502(f) is amended to read as follows: "(3) TERMINATION. —Notwithstanding the preceding provisions of this subsection, the Airport and Airway Trust Fund financing rate shall be zero with respect to— "(A) taxes imposed after December 31, 1995, and before the date which is 7 calendar days after the date of the enactment of the Small Business Job Protection Act of 1996, and "(B) taxes imposed after December 31, 1996.".