PUBLIC LAW 103-66 —AUG. 10, 1993 107 STAT. 523
- (II) SCHOOL BUS AND iNTRAcrry TRANSPOR-
TATION.— No tax shall be imposed by this paragraph on any sale for use, or use, described in subparagraph (B) or (C) of section 6427(b)(2).
- (D) DIESEL FUEL USED IN MOTORBOATS.—In the case
of any sale for use, or use, of fuel in a diesel-powered motorboat— "(i) effective during the period after September 30, 1999, and before January 1, 2000, the rate of tax imposed by this paragraph is 24.3 cents per gallon, and (ii) the termination of the tax under subsection (d) shall not occur before January 1, 2000." (4) Paragraph (2) of section 4041(a) is amended— (A) by striking "or paragraph (1) of this subsection", and (B) by striking the last sentence and inserting the following new flush sentence: The rate of the tax imposed by this paragraph shall be the rate of tax specified in section 4081(a)(2)(A) on gasoline whidi is in effect at the time of such sale or use." (5)(A) Subparagraph (B) of section 4041(b)(l) is amended by striking "paragraph (I)(B) or (2)(B)" and inserting "paragraph (I)(B), (2)(B), or (3)(A)(ii)" and by inserting before the period "(if any)". (B) Subparagraph (C) of section 4041(b)(l) is amended by inserting before the period "; except that such term shall not, for purposes of subsection (a)(D, include vise in a diesel-powered train". (C) Clause (i) of section 4041(b)(2)(A) is amended by striking "Highway Trust Fund financing". (6) Paragraph (1) of section 4()41(c), as amended by subpart A, is amended by striking the next to the last sentence and inserting the following new flush sentence: "The rate of the tax imposed by this paragraph shall be the rate of tax specified in section 4091(b)(l) wMch is in effect at the time of such sale or use." (7) Paragraph (2) of section 4041(c) is amended by striking "any product taxable under section 4081" and inserting "gasoline (as defined in section 4083)". (8) Paragraph (5) of section 4041(c) is amended by adding at the end thereof the following: "The termination under the preceding sentence shall not apply to so much of the tax imposed by paragraph (1) as does not exceed 4.3 cents per gallon. ". (9) Subsection (d) of section 4041 is amended by striking paragraph (2) and by redesignating paragraphs (3) and (4) as paragraphs (2) and (3), respectively. (10) Paragraph (2) of section 4041(d), as redesignated by the preceding paragraph, is amended by striking "(other than any product taxable under section 4081)" and inserting "(other than gasoline (as defined in section 4083))". (11) Subparagraph (A) of section 4041(k)(l) is amended— (A) by striking "Highway Trust Fund financing", and (B) by striking "sections 4081(c) and 4091(c), as the case may be" and inserting "section 4081(c)". Effective date. Termination date. 26 USC 4041.
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