Page:United States Statutes at Large Volume 112 Part 1.djvu/528

 112 STAT. 502 PUBLIC LAW 105-178—JUNE 9, 1998 (B) Section 4041(k)(3) (relating to termination of rates relating to fuels containing alcohol). (C) Section 4081(c)(8) (relating to termination of special rate for taxable fuels mixed with alcohol). (D) Section 4091(c)(5) (relating to termination of reduced rate of tax for aviation fuel in alcohol mixture, etc.). (2) EXTENSION OF REFUND AUTHORITY. —Paragraph (4) of section 6427(f) (relating to refund for gasoline, diesel fuel, and aviation fuel used to produce certain alcohol fuels), as amended by the Taxpayer Relief Act of 1997, is amended by striking "1999" and inserting "2007". (3) CREDIT FOR ALCOHOL USED AS A FUEL. —Paragraph (1) of section 40(e) (relating to termination of credit for alcohol used as a fuel) is amended— (A) by striking "December 31, 2000" in subparagraph (A) and inserting "December 31, 2007", and (B) by striking "January 1, 2001" and inserting "January 1, 2008". (4) TARIFF SCHEDULE. —Headings 9901.00.50 and 9901.00.52 of the Harmonized Tariff Schedule of the United States (19 U.S.C. 3007) are each amended in the effective period column by striking "10/1^2000" each place it appears and inserting "10/^2007". (b) MODIFICATION. — (1) IN GENERAL.—Subsection (h) of section 40 (relating to alcohol used as fuel) is amended to read as follows: "(h) REDUCED CREDIT FOR ETHANOL BLENDERS. — "(1) IN GENERAL.—In the case of any alcohol mixture credit or alcohol credit with respect to any sale or use of alcohol which is ethanol during calendar years 2001 through 2007— "(A) subsections (b)(1)(A) and (b)(2)(A) shall be applied by substituting 'the blender amount' for *60 cents', "(B) subsection (b)(3) shall be applied by substituting 'the low-proof blender amount' for '45 cents' and 'the blender amount' for '60 cents', and "(C) subparagraphs (A) and (B) of subsection (d)(3) shall be applied by substituting 'the blender amount' for '60 cents' and 'the low-proof blender amount' for '45 cents'. "(2) AMOUNTS.— For purposes of paragraph (1), the blender amount and the low-proof blender amount shall be determined in accordance with the following table: In the case of any sale or use The blender amount The low-proof blender during calendar year; is: amount is; 2001 or 2002 53 cents 39.26 cents 2003 or 2004 52 cents 38.52 cents 2005, 2006, or 2007 51 cents 37.78 cents.". (2) CONFORMING AMENDMENTS.— (A) Section 4041(b)(2) is amended— (i) in subparagraph (A)(i), by striking "5.4 cents" and inserting the applicable blender rate", and (ii) by redesignating subparagraph (C), as amended by subsection (a)(1)(A), as subparagraph (D) and by inserting after subparagraph (B) the following: " (C) APPLICABLE BLENDER RATE.— For purposes of subparagraph (A)(i), the applicable blender rate is—

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