118 STAT. 1622 PUBLIC LAW 108–357—OCT. 22, 2004 across the terminal rack for purposes of reporting the trans action to the Secretary. ‘‘(4) The transaction is the subject of a written contract.’’. (b) CONFORMING AMENDMENT.—The table of sections for sub part C of part III of subchapter A of chapter 32, as amended by this Act, is amended by adding after the last item the following new item: ‘‘Sec. 4105. Two party exchanges.’’. (c) EFFECTIVE DATE.—The amendment made by this section shall take effect on the date of the enactment of this Act. SEC. 867. MODIFICATIONS OF TAX ON USE OF CERTAIN VEHICLES. (a) PRORATION OF TAX WHERE VEHICLE SOLD.— (1) IN GENERAL.—Subparagraph (A) of section 4481(c)(2) (relating to where vehicle destroyed or stolen) is amended by striking ‘‘destroyed or stolen’’ both places it appears and inserting ‘‘sold, destroyed, or stolen’’. (2) CONFORMING AMENDMENT.—The heading for section 4481(c)(2) is amended by striking ‘‘DESTROYED OR STOLEN’’ and inserting ‘‘SOLD, DESTROYED, OR STOLEN’’. (b) REPEAL OF INSTALLMENT PAYMENT.—(1) Section 6156 (relating to installment payment of tax on use of highway motor vehicles) is repealed. (2) The table of sections for subchapter A of chapter 62 is amended by striking the item relating to section 6156. (c) ELECTRONIC FILING.—Section 4481 is amended by redesig nating subsection (e) as subsection (f) and by inserting after sub section (d) the following new subsection: ‘‘(e) ELECTRONIC FILING.—Any taxpayer who files a return under this section with respect to 25 or more vehicles for any taxable period shall file such return electronically.’’. (d) REPEAL OF REDUCTION IN TAX FOR CERTAIN TRUCKS.— Section 4483 is amended by striking subsection (f). (e) EFFECTIVE DATE.—The amendments made by this section shall apply to taxable periods beginning after the date of the enact ment of this Act. SEC. 868. DEDICATION OF REVENUES FROM CERTAIN PENALTIES TO THE HIGHWAY TRUST FUND. (a) IN GENERAL.—Subsection (b) of section 9503 (relating to transfer to Highway Trust Fund of amounts equivalent to certain taxes) is amended by redesignating paragraph (5) as paragraph (6) and inserting after paragraph (4) the following new paragraph: ‘‘(5) CERTAIN PENALTIES.—There are hereby appropriated to the Highway Trust Fund amounts equivalent to the penalties paid under sections 6715, 6715A, 6717, 6718, 6719, 6725, 7232, and 7272 (but only with regard to penalties under such section related to failure to register under section 4101).’’. (b) CONFORMING AMENDMENTS.—(1) The heading of subsection (b) of section 9503 is amended by inserting ‘‘AND PENALTIES’’ after ‘‘TAXES’’. (2) The heading of paragraph (1) of section 9503(b) is amended by striking ‘‘IN GENERAL’’ and inserting ‘‘CERTAIN TAXES’’. (c) EFFECTIVE DATE.—The amendments made by this section shall apply to penalties assessed on or after the date of the enact ment of this Act. 26 USC 9503 note. 26 USC 4481 note. 26 USC 4105 note.
�
