101 STAT. 260
PUBLIC LAW 100-17—APR. 2, 1987
SEC. 507. IMPOSITION OF HIGHWAY USE TAX ON ALL MOTOR VEHICLES OPERATING IN UNITED STATES. 26 USC 4481.
(a) IN GENERAL.—Subsection (b) of section 4481 of the Internal Revenue Code of 1986 (relating to tax paid by whom) is amended by inserting "or contiguous foreign country" after "State". (b) REDUCTION IN TAX FOR TRUCKS BASE-PLATED IN A CONTIGUOUS FOREIGN COUNTRY.—Section 4483 of such Code (relating to exemp-
tions) is amended by redesignating subsection (f) as subsection (g) and by inserting after subsection (e) the following new subsection: "(f) REDUCTION IN TAX FOR TRUCKS BASE-PLATED IN A CONTIGUOUS FOREIGN COUNTRY.—If the base for registration purposes of any
.&{3h mu as highway motor vehicle is in a contiguous foreign country for any taxable period, the tax imposed by section 4481 for such period shall be 75 percent of the tax which would (but for this subsection) be imposed by section 4481 for such period." 26 USC 4481 note.
.SgO^ t>a^T 82
26 USC 4481 note.
(c) REGULATIONS REQUIRED WITHIN 120 DAYS.—The Secretary of
the Treasury or the delegate of the Secretary shall within 120 days after the date of the enactment of this section prescribe regulations governing payment of the tax imposed by section 4481 of the Internal Revenue Code of 1986 on any highway motor vehicle operated by a motor carrier domiciled in any contiguous foreign country or owned or controlled by persons of any contiguous foreign country. Such regulations shall include a procedure by which the operator of such motor vehicle shall evidence that such operator has paid such tax at the time such motor vehicle enters the United States. In the event of the failure to provide evidence of payment, such regulations may provide for denial of entry of such motor vehicle into the United States. (d) EFFECTIVE DATE.—The amendments made by subsections (a) and (b) shall take effect on July 1, 1987. SEC. 508. APPLICATION OF CERTAIN REVENUE RULINGS.
Motor vehicles.
Revenue Rulings 85-196 and 86-43 shall not apply to any vehicle acquired by a retail dealer before January 1, 1986, continuously held in such dealer's inventory through September 30, 1986, and sold by such dealer after September 30, 1986.
JIM WRIGHT B '41 • usOe 0 8 U M
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Speaker of the House of Representatives. JOHN C. STENNIS
President of the Senate pro tempore.
IN THE HOUSE OF REPRESENTATIVES, U.S., March 31, 1987. The House of Representatives having proceeded to reconsider the bill (H.R. 2) entitled "An Act to authorize funds for construction of highways, for highway safety /nwa'-Tfjf «Vf\
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