Page:United States Statutes at Large Volume 104 Part 2.djvu/832

 104 STAT. 1388-424 PUBLIC LAW 101-508 —NOV. 5, 1990 (B) Paragraph (2) of section 4081(c) is amended by striking "at a rate equivalent to 3 cents" and inserting "at a Highway Trust Fund financing rate equivalent to 6.1 cents". (C) Subsection (c) of section 4081 is amended by redesignating paragraph (4) as paragraph (5) and by inserting after paragraph (3) the following new paragraph: "(4) LOWER RATE ON GASOHOL MADE OTHER THAN FROM ETHA- NOL.— In the case of gasohol none of the alcohol in which consists of ethanol, paragraphs (1) and (2) shall be applied by substituting '5.5 cents' for '6.1 cents'. (D) Subparagraph (B) of section 9503(b)(4) is amended by striking "4081" and inserting "4041, 4081,". (E) Subparagraph (A) of section 9503(c)(2) is amended by adding at the end thereof the following new sentence: "The amounts payable from the Highway Trust Fund under this subparagraph or paragraph (3) shall be determined by taking into account only the Highway Trust Fund financing rate applicable to any fuel." (F) Subsection (b) of section 9503 is amended by adding at the end thereof the following new paragraph: "(5) GENERAL REVENUE DEPOSITS OF CERTAIN TAXES ON ALCOHOL MIXTURES. —For purposes of this section, the amounts which would G)ut for this paragraph) be required to be appropriated under subparagraphs (A), (E), and (F) of paragraph (1) shall be reduced by— "(A) 0.6 cent per gallon in the case of taxes imposed on any mixture at lesist 10 percent of which is alcohol (as defined in section 4081(c)(3)) if any portion of such alcohol is ethanol, and "(B) 0.67 cent per gallon in the case of gasoline or diesel fuel used in producing a mixture described in subparagraph (A)." 26 USC 4041 (6) EFFECTIVE DATE.—Except as otherwise provided in this "°*®- subsection, the amendments made by this subsection shall apply to gasoline removed (as defined in section 4082 of the Internal Revenue Code of 1986) after November 30, 1990. (b) INCREASE IN OTHER TAXES.— (1) DEFICIT REDUCTION RATE. — (A) Clause (i) of section 4091(b)(l)(A) is amended by inserting "and the diesel fuel deficit reduction rate" after "financing rate". (B) Subsection (b) of section 4091 is amended by redesignating paragraphs (4) and (5) as paragraphs (5) and (6), respectively, and by inserting after paragraph (3) the following new paragraph: "(4) DIESEL FUEL DEFICIT REDUCTION RATE.— For purposes of paragraph (1), except as provided in subsection (c), the diesel fuel deficit reduction rate is 2.5 cents per gallon." (C) Paragraph (6) of section 40910^), as redesignated by subparagraph (A), is amended by adding at the end thereof the following new subparagraph: "(D) The diesel fuel deficit reduction rate shall not apply on and after October 1, 1995." (2) INCREASE IN HIGHWAY TRUST FUND FINANCING RATE. — Paragraph (2) of section 4091(b) is amended by striking "15 cents and inserting "17.5 cents".

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