Page:United States Statutes at Large Volume 101 Part 1.djvu/287

 PUBLIC LAW 100-17—APR. 2, 1987

101 STAT. 257

(b) EXTENSION OF EXEMPTIONS, ETC.—The following provisions of the Internal Revenue Code of 1986 are each amended by striking out 26 USC l et seq. "1988" each place it appears and inserting in lieu thereof "1993": (1) Section 4041(b)(2)(C) (relating to qualified methanol and 26 USC 4041. ethanol fuel). (2) Section 4041(f)(3) (relating to exemption for farm use). ^ (3) Section 4041(g) (relating to other exemptions). -* (4) Section 4221(a) (relating to certain tax-free sales). i (5) Section 4483(f) (relating to termination of exemptions for . highway use tax). (6) Section 6420(h) (relating to gasoline used on farms). S (7) Section 6421(h) (relating to tax on gasoline used for certain nonhighway purposes or by local transit systems) (as in effect ,4 before its redesignation by section 1703(c) of the Tax Reform Act "

of 1986).

(8) Section 6427(g)(5) (relating to advance repayment of in^^ creased diesel fuel tax). v' (9) Section 6427(m) (relating to fuels not used for taxable purposes) (as in effect before its redesignation by section ^ - 1703(e)(1) of the Tax Reform Act of 1986). ^

100 Stat. 2774.

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(c) EXTENSION OF REDUCED RATES OF TAX ON FUELS CONTAINING ALCOHOL.—

(1) Paragraph (3) of section 404l(k) of such Code (relating to '-' fuels containing alcohol) is amended by striking out "December 31, 1992" and inserting in lieu thereof "September 30, 1993". (2) Paragraph (4) of section 4081(c) of such Code (relating to gasoline mixed with alcohol), as amended by the Tax Reform Act of 1986, is amended by striking out "December 31, 1992" and inserting in lieu thereof "September 30, 1993".

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(d) OTHER PROVISIONS.—

(1) FLOOR STOCKS REFUNDS.—Paragraph (1) of section 6412(a) of

such Code (relating to floor stocks refunds) is amended— (A) by striking out "1988" each place it appears and (iv J- ; inserting in lieu thereof "1993", and (B) by striking out "1989" each place it appears and inserting in lieu thereof "1994".

(2) INSTALLMENT PAYMENTS OF HIGHWAY USE TAX.—Paragraph

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(2) of section 6156(e) of such Code (relating to installment payments of tax on use of highway motor vehicles) is amended by striking out "1988" and inserting in lieu thereof "1993".

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SEC. 503. 5-YEAR EXTENSION OF HIGHWAY TRUST FUND.

(a) IN GENERAL.—Subsections (b), (c), and (e) of section 9503 of the Internal Revenue Code of 1986 (relating to Highway Trust Fund) are each amended— (1) by striking out "1988" each place it appears and inserting in lieu thereof "1993", and (2) by striking out "1989" each place it appears and inserting in lieu thereof'^1994". (b) EXPENDITURES FROM HIGHWAY TRUST FUND.—Paragraph (1) of

section 9503(c) of such Code (relating to expenditures from Highway Trust Fund) is amended by striking out "or" at the end of subparagraph (B) and by striking out subparagraph (C) and inserting in lieu thereof the following: "(C) authorized to be paid out of the Highway Trust Fund luiw,under the Surface Transportation and Uniform Relocation Assistance Act of 1987, or

26 USC 9503.

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