Page:United States Statutes at Large Volume 70.djvu/454

 398

PUBLIC LAW 627-JUNE 29, 1956

[70 ST A T.

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(2) that the distribution of the tax burden among the various classes of persons using the Federal-aid highways, or otherwise deriving benefits from such highways, is not equitable, the Congress shall enact legislation in order to bring about a balance of total receipts and total expenditures, or such equitable distribution, as the case may be.

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(c) TRANSFER TO TRUST F U N D OF AMOUNTS EQUIVALENT TO CERTAIN TAXES.—

Ante, pp. 89, 387. Ante, p« 389.

Ante, p. 388.

Ante, p. 389.

Ante, p. 390.

Ante, p. 391.


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(1) IN GENERAL.^-There is hereby appropriated to the Trust Fund, out of any money in the Treasury not otherwise appropriated, amounts equivalent to the following percentages of the taxes received in the Treasury before July 1, 1972, under the following provisions of the Internal Revenue Code of 1954 (or under the corresponding provisions of prior revenue laws) — (A) 100 percent of the taxes received after June 30, 1956, under sections 4041 (taxes on diesel fuel and special motor fuels), 4071 (a)(4) (tax on tread rubber), and 4081 (tax on gasoline); (B) 20 percent of the tax received after June 30, 1956, and before July 1, 1957, under section 4061(a)(1) (tax on trucks, buses, etc.); (C) 50 percent of the tax received after June 30, 1957, under section 4061(a)(1) (tax on trucks, buses, etc.); (D) 3714 percent of the tax received after June 30, 1956, and before July 1, 1957, under section 4071(a)(1) (tax on tires of the type used on highway vehicles); (E) 100 percent of the taxes received after June 30, 1957, under section 4071(a)(1), (2), and (3) (taxes on tires of the type used on highway vehicles, other tires, and inner tubes); , (F) 100 percent of the tax received under section 4481 (tax on use of certain vehicles); and (G) 100 percent of the floor stocks taxes imposed by section 4226 (a). I n the case of any tax described in subparagraph ^A), (B), or (D), amounts received during the fiscal year ending June 30, 1957, shall be taken into account only to the extent attributable to liability for tax incurred after June 30, 1956. (2) LIABILITIES INCURRED BEFORE JULY 1, 1972, FOR NEW OR INCREASED TAXES.—There is hereby appropriated to the Trust Fund,

i4nte, pp., 89, 387. Ante, p. 389. Ante, p. 388. Ante, p. 389. y4nte, p. 390.

out of any money in the Treasury not otherwise appropriated, amounts equivalent to the following percentages of the taxes which are received in the Treasury after June 30, 1972, and before July 1, 1973, and which are attributable to liability for tax incurred before July 1, 1972, under the following provisions of the Internal Revenue Code of 1954— (A) 100 percent of the taxes under sections 4041 (taxes on diesel fuel and special motor fuels), 4071 (a)(4) (tax on tread rubber), and 4081 (tax on gasoline); (B) 20 percent of the tax under section 4061(a)(1) (tax on trucks, buses, etc.); (C) 3714 percent of the tax under section 4071(a)(1) (tax on tires of the type used on highway vehicles); and (D) 100 percent of the tax under section 4481 (tax on use of certain vehicles). (3) METHOD OF TRANSFER.—The amounts appropriated by paragraphs (1) and (2) shall be transferred at least monthly from the general fund of the Treasury to the Trust Fund on the basis of estimates by the Secretary of the Treasury of the amounts, referred to in paragraphs (1) and (2), received in the Treasury.

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