,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #cfcf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #c1 #bjac,mr4
 ,blum5au] introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ways &     
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to increase !     
excise tax on gasol9e1 diesel1 & k]os5e 
fuels4  #a4 ,%ort title ,?is ,act may be
 cit$ z ! ,update1 ,promote1 & ,develop 
,am]ica's ,transportation ,ess5tials    
,act ( #bjac4  #b4 ,f9d+s2 s5se (       
,congress  7a7 ,f9d+s ,! ,congress f9ds 
! foll[+3 7#a7 ,s9ce ! passage (        
,,safetea-,,lu1 ,congress has transf]r$ 
ov] #ej billion f ! ,g5]al ,fund to !   
,highway ,tru/ ,fund1 9 ord] to ma9ta9  
solv5cy4  7#b7 ,! ,congressional ,budget
 ,(fice e/imates aft] ! end ( ,fiscal   
ye> #bjad1 annual ,g5]al ,fund transf]s 
( approximately #ae billion w be        
necess>y 9 ord] to ma9ta9 curr5t        
,highway ,tru/ ,fund sp5d+ levels4  7#c7
 ,! ,congressional ,budget ,(fice also  
e/imates t 9 ord] to provide fund+ =    

surface transportation projects :]e !   
,f$]al b5efit outweighs ! co/1 an       
additional #hc billion a ye> w\ld ne$ to
 be allocat$ to ! ,highway & ,transit   
,tru/ ,funds4  7#d7 ,! ,am]ican ,society
 = ,civil ,eng9e]s e/imates t 9 ord] to 
meet our economic & transportation ne$s1
 ! ,unit$ ,/ates %\ld inve/ at lea/ an  
additional #ejj billion 9 our surface   
transportation sy/em by #bjbj4  7#e7 ,! 
,national ,commission on ,fiscal ,re=m &
 ,responsibility report1 (t5 ref]r$ to z
 ! ,simpson-,b[les plan1 includes a     
recomm5dation to raise ! gas tax by     
fifte5 c5ts4  7#f7 ,! ,national ,surface
 ,transportation ,infra/ructure ,f9anc+ 
,commission recomm5d$1 9 _! #bjji       
report1 t ,congress take action to      
prev5t ! ,highway ,tru/ ,fund f becom+  
insolv5t1 & to avoid any r$uctions 9    
infra/ructure sp5d+4 ,! ,commission also
 not$ t a ,f$]al fund+ sy/em bas$ on a  
vehicle miles travel$ sy/em1 is !       
cons5sus *oice = ! future4  7b7 ,s5se ( 
,congress reg>d+ replacem5t ( gas tax ,x

 is ! s5se ( ,congress t by #bjbd ! gas 
tax %\ld be repeal$ & replac$ ) a m     
su/a9able1 /able fund+ s\rce4  #c4 ,tax 
on motor fuels  7a7 ,gasol9e o!r ?an    
aviation gasol9e ,section               
#djha7;a77#b77;,a77i7 ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$ to read z
 foll[s3  7i7 9 ! case ( gasol9e o!r ?an
 aviation gasol9e-- 7,i7 = tax impos$   
be=e #bjad1 #ah4c c5ts p] gallon1       
7,,ii7 = tax impos$ dur+ #bjad1 #bf4c   
c5ts p] gallon1  7,,iii7 = tax impos$   
dur+ #bjae1 #cj4c c5ts p] gallon1 &     
7,,iv7 = tax impos$ aft] #bjae & be=e   
#bjbe1 #cc4c c5ts p] gallon1  4  7b7    
,diesel fuel or k]os5e ,section         
#djha7;a77#b77;,a77iii7 ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ to read z
 foll[s3  7iii7 9 ! case ( diesel fuel  
or k]os5e-- 7,i7 = tax impos$ be=e      
#bjad1 #bd4c c5ts p] gallon1  7,,ii7 =  
tax impos$ dur+ #bjad1 #cb4c c5ts p]    
gallon1  7,,iii7 = tax impos$ dur+      
#bjae1 #cf4c c5ts p] gallon1 &  7,,iv7 =
 tax impos$ aft] #bjae & be=e #bjbe1    

#ci4c c5ts p] gallon1  4  7c7 ,increase 
= inflation ,p>agraph 7#b7 ( section    
#djha7;a7 ( su* ,code is am5d$ by add+  
at ! end ! foll[+3  7,e7 ,adju/m5t =    
inflation ,9 ! case ( any cal5d> ye>    
beg9n+ aft] #bjaf1 ! rates ( tax conta9$
 9 clauses 7i77,,iv7 & 7iii77,,iv7 (    
subp>agraph 7,a7 %all ea* be increas$ by
 an am\nt equal to-- 7i7 su* rate1      
multipli$ by  7ii7 ! co/ ( liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye>1 det]m9$ by sub/itut+ cal5d> 
ye> #bjae = cal5d> ye> #aiib 9          
subp>agraph 7,b7 !re(4  ,any increase "u
 ! prec$+ s5t5ce %all be r\nd$ to !     
ne>e/ #j4a c5ts4  4  7d7 ,diesel-,wat]  
fuel emulsion ,section                  
#djha7;a77#b77;,d7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by /rik+ #ai4g   
c5ts = #bd4c c5ts & ins]t+ a rate equal 
to #ga p]c5t ( ! rate 9 effect "u       
subp>agraph 7,a7 7)\t reg>d to ?is      
subp>agraph74  7e7 ,t]m9ation ,section  
#djha7;d77#a7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by /rik+ ,septemb]    

#cj1 #bjaf & ins]t+ ,decemb] #ca1 #bjbd4
  7f7 ,effective date ,! am5dm5ts made  
by ?is section %all apply to fuels or   
liquids remov$1 ent]$1 or sold aft]     
,decemb] #ca1 #bjac4  #d4 ,floor /ocks  
tax  7a7 ,imposition ( tax ,9 ! case (  
any taxable liquid :i* is held on !     
floor /ocks tax date by any p]son1 !re  
is h]eby impos$ a floor /ocks tax equal 
to ! excess ( ! tax :i* w\ld be impos$  
on su* liquid "u section #djda or #djha 
( ! ,int]nal ,rev5ue ,code ( #aihf _h ! 
taxable ev5t occurr$ on ! floor /ocks   
tax date ov] ! tax paid "u any su*      
section on su* liquid4  7b7 ,liability =
 tax & me?od ( paym5t  7#a7 ,liability =
 tax ,a p]son hold+ a liquid on ! floor 
/ocks tax date to :i* ! tax impos$ by   
subsection 7a7 applies %all be liable = 
su* tax4  7#b7 ,me?od ( paym5t ,! tax   
impos$ by subsection 7a7 %all be paid 9 
su* mann] z ! ,secret>y %all prescribe4 
7#c7 ,"t ( paym5t ,! tax impos$ by      
subsection 7a7 %all be paid on or be=e !
 date :i* is #f mon?s aft] ! floor /ocks

 tax date4  7c7 ,def9itions ,= purposes 
( ?is section-- 7#a7 ,held by a p]son ,a
 liquid %all be consid]$ z held by a    
p]son if title !reto has pass$ to su*   
p]son 7:e!r or n deliv]y to ! p]son has 
be5 made74  7#b7 ,taxable liquid ,! t]m 
taxable liquid means diesel fuel &      
k]os5e 7o!r ?an aviation-grade k]os5e74 
7#c7 ,floor /ocks date ,! t]m floor     
/ocks tax date means any ,janu>y #a (   
any cal5d> ye> beg9n+ aft] ! date ( !   
enactm5t ( ?is ,act on :i* a rate ( tax 
"u section #djda or #djha ( su* ,code   
increases pursuant to an am5dm5t made by
 section #b4  7#d7 ,secret>y ,! t]m     
,secret>y means ! ,secret>y ( !         
,treasury4  7d7 ,exception = exempt uses
 ,! tax impos$ by subsection 7a7 %all n 
apply to taxable liquid held by any     
p]son exclusively = any use to ! ext5t a
 cr$it or refund ( ! tax impos$ by a    
section ( su* ,code is all[able = su*   
use4  7e7 ,exception = fuel held 9      
vehicle tank ,no tax %all be impos$ by  
subsection 7a7 on taxable liquid held 9 

! tank ( a motor vehicle or motorboat4  
7f7 ,exception = c]ta9 am\nts ( fuel    
7#a7 ,9 g5]al ,no tax %all be impos$ by 
subsection 7,a7 on any liquid held on ! 
floor /ocks tax date by any p]son if !  
aggregate am\nt ( liquid held by su*    
p]son on su* date does n exce$ #b1jjj   
gallons4 ,! prec$+ s5t5ce %all apply    
only if su* p]son submits to ! ,secret>y
 7at ! "t & 9 ! mann] requir$ by !      
,secret>y7 su* in=mation z ! ,secret>y  
%all require = purposes ( ?is p>agraph4 
7#b7 ,exempt fuel ,= purposes ( p>agraph
 7#a71 !re %all n be tak5 into acc\nt   
fuel held by any p]son :i* is exempt f !
 tax impos$ by subsection 7a7 by reason 
( subsection 7d7 or 7e74  7#c7          
,controll$ gr\ps ,= purposes ( ?is      
section-- 7,a7 ,corporations  7i7 ,9    
g5]al ,all p]sons treat$ z a controll$  
gr\p %all be treat$ z #a p]son4  7ii7   
,controll$ gr\p ,! t]m controll$ gr\p   
has ! mean+ giv5 to su* t]m by          
subsection 7a7 ( section #aefc ( su*    
,code2 except t = su* purposes ! phrase 

m ?an #ej p]c5t %all be sub/itut$ = !   
phrase at lea/ #hj p]c5t ea* place x    
appe>s 9 su* subsection4  7,b7          
,non9corporat$ p]sons "u common control 
,"u regulations prescrib$ by !          
,secret>y1 pr9ciples simil> to !        
pr9ciples ( clause 7i7 %all apply to a  
gr\p ( p]sons "u common control :]e "o  
or m ( su* p]sons is n a corporation4   
7g7 ,o!r laws applicable ,all provisions
 ( law1 includ+ p5alties1 applicable )  
respect to ! taxes impos$ by *apt] #ca  
or #cb ( su* ,code %all1 ins(> z        
applicable & n inconsi/5t ) ! provisions
 ( ?is section1 apply ) respect to !    
floor /ock taxes impos$ by subsection   
7a7 to ! same ext5t z if su* taxes 7    
impos$ by su* *apt]4