Page:United States Statutes at Large Volume 111 Part 1.djvu/29

From Wikisource
Jump to: navigation, search
This page needs to be proofread.


PUBLIC LAW 105-2—FEB. 28, 1997 111 STAT. 5 "(3) TERMINATION. —The rate of the taxes imposed by paragraph (1) shall be 4.3 cents per gallon— "(A) after December 31, 1996, and before the date which is 7 days after the date of the enactment of the Airport and Airway Trust Fund Tax Reinstatement Act of 1997, and "(B) after September 30, 1997.". (b) TICKET TAXES.— (1) PERSONS. —Subsection (g) of section 4261 is amended to read as follows: "(g) APPLICATION OF TAXES. — "(1) IN GENERAL.— The taxes imposed by this section shall apply to— "(A) transportation beginning during the period— "(i) beginning on the 7th day after the date of the enactment of the Airport and Airway Trust Fund Tax Reinstatement Act of 1997, and "(ii) ending on September 30, 1997, and "(B) amounts paid during such period for transportation beginning after such period. "(2) REFUNDS.—I f, as of the date any transportation begins, the taxes imposed by this section would not have applied to such transportation if paid for on such date, any tax paid under paragraph (1)(B) with respect to such trsmsportation shall be treated as an overpayment.". (2) PROPERTY. —Subsection (d) of section 4271 is amended to read as follows: "(d) APPLICATION OF TAX.— "(1) IN GENERAL.— The tax imposed by subsection (a) shall apply to— "(A) transportation beginning during the period— "(i) beginning on the 7th day after the date of the enactment of the Airport and Airway Trust Fund Tax Reinstatement Act of 1997, and "(ii) ending on September 30, 1997, and "(B) amounts paid during such period for transportation beginning after such period. "(2) REFUNDS.— If, as of the date any transportation begins, the taxes imposed by this section would not have applied to such transportation if paid for on such date, any tax paid under paragraph (1)(B) with respect to such transportation shall be treated as an overpayment.". (c) TRANSFERS TO AIRPORT AND AIRWAY TRUST FUND.— (1) IN GENERAL. —Subsection (b) of section 9502 is amended to read as follows: "(b) TRANSFERS TO AIRPORT AND AIRWAY TRUST FUND.— There Appropriation are hereby appropriated to the Airport and Airway Trust Fund authorization, amounts equivalent to— "(1) the taxes received in the Treasury under— "(A) subsections (c) and (e) of section 4041 (relating to aviation fuels), "(B) sections 4261 and 4271 (relating to transportation by air), "(C) section 4081 (relating to gasoline) with respect to aviation gasoline (to the extent that the rate of the tax on such gasoline exceeds 4.3 cents per gallon), and