Page:United States Statutes at Large Volume 100 Part 3.djvu/970

 100 STAT. 2778

PUBLIC LAW 99-514—OCT. 22, 1986

such person an amount equal to the aggregate amount of the tax imposed on such person with respect to such gasoline blend stock or additive." (2) CONFORMING AMENDMENTS.—

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(A) Subsections (a), (b)(1), (c), (d), (e)(D, (0(1), and (g)(1) of section 6427 are each amended by striking out "subsection (j)" and inserting in lieu thereof "subsection (k)". (B) Subsection (i)(1) of section 6427 (as redesignated by subsection (d)(l)(A)) is amended by striking out "or (g)" and inserting in lieu thereof "(g), or (h)". (C) Subsections (i)(2)(A)(i) and (n) of section 6427 (as so redesignated) are amended by striking out "and (g)" each place it appears and inserting in lieu thereof "(g), and (h)". (D) The heading of subsection (n) of section 6427 {as so redesignated) is amended by striking out "AND (g)" and inserting in lieu thereof "(g), AND (h)". (E) Subsection (i)(2) of section 6427 (as so redesignated) is amended by striking out "subsection (h)(2)" and inserting in lieu thereof "(i)(2)". (F) Section 34(a)(3) is amended by striking out "section 6427(j)" and inserting in lieu thereof "section 6427(k)". (G) Sections 7210, 7603, 7604(b), 7604(c)(2), 7605(a), 7609(c)(l), and 7610(c) are amended by striking out "section 6427(i)(2)" and inserting in lieu thereof "section 64270'X2)".

if) FLOOR STOCK TAXES.—

(1) IN GENERAL.—On gasoline subject to tax under section
 * 4081 of the Internal Revenue Code of 1986 which, on January 1,

1988, is held by a dealer for sale, and with respect to which no tax has been imposed under such section, there is hereby imposed a floor stocks tax at the rate of 9 cents a gallon. '"

(2) OVERPAYMENT OF FLOOR STOCKS TAXES.—Section 6416 of

such Code shall apply in respect of the floor stocks taxes imposed by this section, so as to entitle, subject to all provisions of such section, any person paying such floor stocks taxes to a section. (3) DUE DATE OF TAXES.—The taxes imposed by this subsection shall be paid before February 16, 1988. (4) TRANSFER OF FLOOR STOCKS TAXES TO HIGHWAY TRUST
 * credit or refund thereof for any reasons specified in such

^ FUND.—For purposes of determining the amount transferred to the Highway Trust Fund for any period, the taxes imposed by this subsection shall be treated as if they were imposed by - section 4081 of the Internal Revenue Code of 1986. (5) DEFINITIONS AND SPECIAL RULE.—For purposes of this subsection— (A) DEALER.—The term "dealer" includes a wholesaler, M. jobber, distributor, or retailer. f-v (B) HELD BY A DEALER.—Gasoline shall be considered as "held by a dealer" if title thereto has passed to such dealer wa? (whether or not delivery to him has been made) and if for purposes of consumption title to such gasoline or possession thereof has not at any time been transferred to any person '? other than a dealer. (C) GASOLINE.—The term "gasoline" has the same meaning given to such term by section 4082(a) of the Internal Revenue Code of 1986. (g) STUDY OF EVASION OF GASOLINE TAX.—

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