Page:United States Statutes at Large Volume 96 Part 2.djvu/825

 PUBLIC LAW 97-424—JAN. 6, 1983

96 STAT. 2187

such article or possession thereof has not at any time been transferred to any person other than a dealer. (3) The term "tax-repealed article" means any article on which a tax was imposed by section 4061(a), 4061(b), or section 4091 as in effect on the day before the date of the enactment of this Act, and which will not be subject to tax under section 4061(a), 4061(b), or 4091 as in effect on the day after the date of the enactment of this Act. (4) Except as otherwise expressly provided herein, any reference in this subtitle to a section or other provision shall be treated as a reference to a section or other provision of the Internal Revenue Code of 1954.

26 USC 1 et seq.

(b) 1984 EXTENSION OF FLOOR STOCKS REFUND TO TIRES.—

(1) IN GENERAL.—In the case of an article on which a tax was imposed by section 4071(a) as in effect on December 31, 1983, and which will not be subject to tax under such section as in effect on January 1, 1984, such article shall be treated as a taxrepealed article for purposes of subsection (a) of section 522. (2) ALLOWANCE OF REFUND.—In the case of a tax-repealed article to which paragraph (1) applies, subsection (a) of section 522 shall be applied— (A) by treating January 1, 1984, as the day after the date of the enactment of this Act, and (B) by substituting "1984" for "1983" each place it appears in paragraph (1) of such subsection (a).

Subtitle D—Highway Trust Fund; Mass Transit Account SEC. 531. 4-YEAR EXTENSION OF HIGHWAY TRUST FUND; CODIFICATION OF TRUST FUND IN INTERNAL REVENUE CODE OF 1954; ESTABLISHMENT OF MASS TRANSIT ACCOUNT. (a) GENERAL RULE.—Subchapter A of chapter 98 of the Internal

Revenue Code of 1954 (relating to Trust Fund Code) is amended by adding at the end thereof the following new section: "SEC. 9503. HIGHWAY TRUST FUND.

26 USC 9503.

"(a) CREATION OF TRUST FUND.—There is established in the Treasury of the United States a trust fund to be known as the 'Highway Trust Fund', consisting of such amounts as may be appropriated or credited to the Highway Trust Fund as provided in this section or section 9602(b). "(b) TRANSFER TO HIGHWAY TRUST FUND OF AMOUNTS EQUIVALENT TO CERTAIN T A X E S. —

"(1) IN GENERAL.—There are hereby appropriated to the Highway Trust Fund amounts equivalent to the taxes received in the Treasury before October 1, 1988, under the following provisions— "(A) section 4041 (relating to taxes on diesel fuels and special motor fuels), "(B) section 4051 (relating to retail tax on heavy trucks and trailers), "(C) section 4061 (relating to tax on trucks and truck parts).

Appropriation authorization.

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