Page:United States Statutes at Large Volume 100 Part 2.djvu/676

 100 STAT. 1778

PUBLIC LAW 99-499—OCT. 17, 1986 amounts equivalent to certain taxes) is amended by adding at the end thereof the following new paragraph:

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"(4) CERTAIN ADDITIONAL TAXES NOT TRANSFERRED TO HIGHWAY

Ante, p. 1776. 26 USC 4081.

TRUST FUND.—For purposes of paragraphs (1) and (2), there shall not be taken into account the taxes imposed by section 4041(d) and so much of the taxes imposed by section 4081 as is attributable to the Leaking Underground Storage Tank Trust Fund financing rate." (B) CONFORMING AMENDMENT.—Subparagraph (D) of section 9503(c)(4) of such Code (defining motorboat fuel taxes) is amended by striking out "section 4081" and inserting in lieu thereof "section 4081 (to the extent attributable to the Highway Trust Fund financing rate)". (2) AIRPORT AND AIRWAY TRUST FUND.—Subsection (b) of section 9502 of such Code (relating to transfer to Airport and Airway Trust Fund of amounts equivalent to certain taxes) is ,, amended— (A) by striking out "subsections (c) and (d) of section 4041" in paragraph (1) and inserting in lieu thereof "subsections (c) and (e) of section 4041", and (B) by striking out "section 4081" in paragraph (2) and inserting in lieu thereof "section 4081 (to the extent attributable to the Highway Trust Fund financing rate)". (3) INLAND WATERWAYS TRUST FUND.—Paragraph (1) of section 9506(b) of such Code is amended by adding at the end thereof the following new sentence: "The preceding sentence shall ' apply only to so much of such taxes as are attributable to the Inland Waterways Trust Fund financing rate under section 4042(b)." (c) REPAYMENTS FOR GASOLINE USED ON FARMS, ETC.— (1) GASOLINE USED ON FARMS.—Subsection (h) of

section 6420 of such Code (relating to termination) is amended by striking out "This section" and inserting in lieu thereof "Except with respect to taxes imposed by section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate, this section". (2) GASOLINE USED FOR CERTAIN NONHIGHWAY PURPOSES OR BY LOCAL T R A N S I T SYSTEMS.— (A) TERMINATION NOT TO APPLY TO ADDITIONAL o.i CENT

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TAX.—Subsection (h) of section 6421 of such Code (relating to effective date), as in effect on the day before the date of the enactment of the Tax Reform Act of 1986, is amended by striking out "This section" and inserting in lieu thereof "Except with respect to taxes imposed by section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate, this section". (B) REPAYMENT OF ADDITIONAL TAX FOR OFF-HIGHWAY BUSINESS USE TO APPLY ONLY TO CERTAIN VESSELS.—Subsection (e)

of section 6421 of such Code, as so in effect, is amended by adding at the end thereof the following new paragraph: "(4) SECTION NOT TO APPLY TO CERTAIN OFF-HIGHWAY BUSINESS U S E S W I T H R E S P E C T TO THE T A X I M P O S E D BY S E C T I O N 4081 A T THE

LEAKING U N D E R G R O U N D STORAGE TANK TRUST FUND FINANCING

Fish and fishing. I:

RATE.—This section shall not apply with respect to the tax imposed by section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate on gasoline used in any offhighway business use other than use in a vessel employed in the fisheries or in the whaling business."

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