,i #aad? ,,congress #a/ ,session ,h4 ,r4 #biga ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #h1 #bjae ,mr4 ,rice ( ,s\? ,c>ol9a introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to br+ c]ta9ty to ! fund+ ( ! ,highway ,tru/ ,fund1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,highway ,tru/ ,fund ,c]ta9ty ,act4 #b4 ,increase 9 fuels taxes 7a7 ,motor fuels 7#a7 ,repeal ( t]m9ation ,section #djha7;d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ p>agraph 7#a7 & r$esignat+ p>agraphs 7#b7 & 7#c7 z p>agraphs 7#a7 & 7#b71 respectively4 7#b7 ,inflation adju/m5t ,section #djha7;a77#b7 ( su* ,code is am5d$-- 7,a7 9 subp>agraph 7,a77i7 by /rik+ #ah4c c5ts p] gallon & ins]t+ #bh4d c5ts p] gallon1 7,b7 9 subp>agraph 7,a77iii7 by /rik+ #bd4c c5ts p] gallon & ins]t+ #cd4d c5ts p] gallon1 7,c7 9 subp>agraph 7,d7 by /rik+ sub/itut+ #ai4g c5ts = #bd4c c5ts & ins]t+ sub/itut+ #bg4i c5ts = #cd4d c5ts1 & 7,d7 by add+ at ! end ! foll[+3 7,e7 ,adju/m5t = inflation ,9 ! case ( a cal5d> ye> beg9n+ aft] ,decemb] #ca1 #bjae1 ! rates ( tax 9 subp>agraph 7,a7 7i7 & 7iii7 & subp>agraph 7,d7 %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> #bjad = 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 7b7 ,special fuels 7#a7 ,increase & ext5sion ,section #djda ( su* ,code is am5d$-- 7,a7 9 subsection 7a77#a77;,c77iii77,i7 by /rik+ #g4c c5ts p] gallon 7#d4c c5ts p] gallon aft] ,septemb] #cj1 #bjaf7 & ins]t+ #ag4d c5ts p] gallon1 7,b7 9 subsection 7a77#b77;,b77ii7 by /rik+ #bd4c c5ts p] gallon & ins]t+ #cd4d c5ts p] gallon1 & 7,c7 9 subsection 7a77#c77;,a7 by /rik+ #ah4c c5ts & ins]t+ #bh4d c5ts4 7#b7 ,adju/m5t = inflation ,section #djda7;a7 ( su* ,code is am5d$ by add+ at ! end ! foll[+3 7#d7 ,adju/m5t = inflation ,9 ! case ( a cal5d> ye> beg9n+ aft] ,decemb] #ca1 #bjae1 ! rates ( tax 9 p>agraphs 7#a77;,c77iii77,i71 7#b77;,b77ii71 & 7#c77;,a7 %all ea* be increas$ by an am\nt equal to-- 7,a7 su* rate1 multipli$ by 7,b7 ! co/ ( liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye>1 det]m9$ by sub/itut+ cal5d> ye> #bjad = 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 7#c7 ,c]ta9 alcohol fuels 7,a7 ,p]man5t ext5sion ,section #djda7m77#a7 ( su* ,code is am5d$-- 7i7 9 subp>agraph 7,a7 by /rik+ 1 & be=e ,octob] #a1 #bjaf1 7ii7 9 subp>agraph 7,a77i7 by /rik+ #i4ae c5ts p] gallon & ins]t+ #ai4be c5ts p] gallon1 7iii7 9 subp>agraph 7,a77ii7 by /rik+ #aa4c c5ts p] gallon & ins]t+ #ba4d c5ts p] gallon1 7iv7 by /rik+ subp>agraph 7,b71 & 7v7 by r$esignat+ clauses 7i7 & 7ii7 ( subp>agraph 7,a7 7z am5d$ by clauses 7ii7 & 7iii77 z subp>agraphs 7,a7 & 7,b71 respectively1 & mov+ su* subp>agraphs 7z s r$esignat$7 #b ems to ! left4 7,b7 ,adju/m5t = inflation ,section #djda7m7 ( su* ,code is am5d$ by add+ at ! end ! foll[+3 7#c7 ,adju/m5t = inflation ,9 ! case ( a cal5d> ye> beg9n+ aft] ,decemb] #ca1 #bjae1 ! rates ( tax 9 p>agraph 7#a7 7,a7 & 7,b7 %all ea* be increas$ by an am\nt equal to-- 7,a7 su* rate1 multipli$ by 7,b7 ! co/ ( liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye>1 det]m9$ by sub/itut+ cal5d> ye> #bjad = 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 7#d7 ,fuel us$ 9 c]ta9 buses 7,a7 ,p]man5t ext5sion ,section #fdbg7;b77#b77;,a7 ( su* ,code is am5d$ by /rik+ #g4d c5ts & ins]t+ #ag4e c5ts4 7,b7 ,adju/m5t = inflation ,section #fdbg7;b7 ( su* ,code is am5d$ by add+ at ! end ! foll[+3 7#e7 ,adju/m5t = inflation ,9 ! case ( cal5d> ye>s beg9n+ ,janu>y #a1 #bjaf-- 7,a7 ! rate ( tax 9 p>agraph 7#b77;,a7 %all be increas$ by #aj4a c5ts1 & 7,b7 su* rate 7z increas$ by subp>agraph 7,a77 %all be increas$ by an am\nt equal to su* rate 7z s increas$7 multipli$ by ! co/ ( liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye>1 det]m9$ by sub/itut+ cal5d> ye> #bjad = cal5d> ye> #aiib 9 subp>agraph 7,b7 !re(1 & r\nd$ to ! ne>e/ #j4a c5ts4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to ye>s beg9n+ aft] ,decemb] #ca1 #bjae4 7d7 ,floor /ocks tax 7#a7 ,imposition ( tax ,9 ! case ( any highway motor fuel :i* is held on ,janu>y #a1 #bjaf1 by any p]son1 !re is h]eby impos$ a floor /ocks tax equal to ! excess (-- 7,a7 ! tax :i* w\ld be impos$ on su* fuel _h ! am5dm5ts made by ?is section appli$ to highway motor fuels = p]iods be=e ,janu>y #a1 #bjaf1 ov] 7,b7 ! tax 7if any7 previ\sly paid 7& n cr$it$ or refund$7 on su* fuel4 7#b7 ,liability = tax & me?od ( paym5t 7,a7 ,liability = tax ,! p]son hold+ ! highway motor fuel on ,janu>y #a1 #bjaf1 to :i* ! tax impos$ by p>agraph 7#a7 applies %all be liable = su* tax4 7,b7 ,me?od ( paym5t ,! tax impos$ by p>agraph 7#a7 %all be paid at su* "t & 9 su* mann] z ! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 %all prescribe4 7#c7 ,def9itions ,= purposes ( ?is subsection-- 7,a7 ,highway motor fuel ,! t]m highway motor fuel means any fuel ! tax rate ( :i* is increas$ by an am5dm5t made by ?is section4 7,b7 ,held by a p]son ,a highway motor fuel %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,c7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate4 7#d7 ,exception = exempt uses ,! tax impos$ by p>agraph 7#a7 %all n apply to any highway motor fuel held by any p]son exclusively = any use to ! ext5t a cr$it or refund ( ! tax is all[able = su* use4 7#e7 ,exception = c]ta9 am\nts ( fuel 7,a7 ,9 g5]al ,no tax %all be impos$ by p>agraph 7#a7 on any highway motor fuel held on ,janu>y #a1 #bjaf1 by any p]son if ! aggregate am\nt ( su* highway motor fuel 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 subp>agraph4 7,b7 ,exempt fuel ,= purposes ( subp>agraph 7,a71 !re %all n be tak5 into acc\nt any highway motor fuel held by any p]son :i* is exempt f ! tax impos$ by p>agraph 7#a7 by reason ( p>agraph 7#d74 7,c7 ,controll$ gr\ps ,= purposes ( ?is subsection-- 7i7 ,corporations 7,i7 ,9 g5]al ,all p]sons treat$ z a controll$ gr\p %all be treat$ z #a p]son4 7,,ii7 ,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 7ii7 ,non9corporat$ p]sons "u common control ,"u regulations prescrib$ by ! ,secret>y1 pr9ciples simil> to ! pr9ciples ( subp>agraph 7,a7 %all apply to a gr\p ( p]sons "u common control if #a or m ( su* p]sons is n a corporation4 7#f7 ,o!r laws applicable ,all provisions ( law1 includ+ p5alties1 applicable ) respect to ! taxes impos$ by sections #djda & #djha ( su* ,code %all1 ins(> z applicable & n inconsi/5t ) ! provisions ( ?is subsection1 apply ) respect to ! floor /ock taxes impos$ by p>agraph 7#a7 to ! same ext5t z if su* taxes 7 impos$ by su* sections4 #c4 ,work+ citiz5s tax relief 7a7 ,9 g5]al ,subp>t ,c ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #cf ! foll[+ new section3 #cf;,a4 ,work+ citiz5s cr$it 7a7 ,all[ance ( cr$it ,9 ! case ( an eligible individual1 !re %all be all[$ z a cr$it aga9/ ! tax impos$ by ?is subtitle = ! cal5d> ye>s beg9n+ aft] ,decemb] #ca1 #bjae1 an am\nt equal to ! less] (-- 7#a7 #c4a p]c5t ( e>n$ income ( ! taxpay]1 or 7#b7 #acc 7#bff 9 ! case ( a jo9t return74 7b7 ,limitation bas$ on modifi$ adju/$ gross income 7#a7 ,9 g5]al ,! am\nt all[able z a cr$it "u subsection 7a7 7det]m9$ )\t reg>d to ?is p>agraph & subsection 7c77 = ! taxable ye> %all be r$uc$ 7b n bel[ z]o7 by "o p]c5t ( s mu* ( ! taxpay]'s modifi$ adju/$ gross income z exce$s #gd1iej 7#adi1ijj 9 ! case ( a jo9t return74 7#b7 ,modifi$ adju/$ gross income ,= purposes ( subp>agraph 7,a71 ! t]m modifi$ adju/$ gross income means ! adju/$ gross income ( ! taxpay] = ! taxable ye> increas$ by any am\nt exclud$ f gross income "u section #iaa1 #ica1 or #icc4 7c7 ,def9itions & special rules ,= purposes ( ?is section-- 7#a7 ,eligible individual 7,a7 ,9 g5]al ,! t]m eligible individual means any individual o!r ?an-- 7i7 any nonresid5t ali5 individual1 7ii7 any individual ) respect to :om a d$uction "u section #aea is all[able to ano!r taxpay] = a taxable ye> beg9n+ 9 ! cal5d> ye> 9 :i* ! individual's taxable ye> beg9s1 & 7iii7 an e/ate or tru/4 7,b7 ,id5tification numb] requirem5t ,su* t]m %all n include any individual :o does n include on ! return ( tax = ! taxable ye>-- 7i7 su* individual's social security acc\nt numb]1 & 7ii7 9 ! case ( a jo9t return1 ! social security acc\nt numb] ( "o ( ! taxpay]s on su* return4 ,= purposes ( ! prec$+ s5t5ce1 ! social security acc\nt numb] %all n include a ,,t9 issu$ by ! ,int]nal ,rev5ue ,s]vice4 7#b7 ,e>n$ income ,! t]m e>n$ income has ! mean+ giv5 su* t]m by section #cb7;c77#b71 except t su* t]m %all n include net e>n+s f self-employm5t :i* are n tak5 into acc\nt 9 comput+ taxable income4 ,= purposes ( ! prec$+ s5t5ce1 any am\nt exclud$ f gross income by reason ( section #aab %all be treat$ z e>n$ income :i* is tak5 into acc\nt 9 comput+ taxable income = ! taxable ye>4 4 7b7 ,refunds disreg>d$ 9 ! adm9i/ration ( f$]al programs & f$]ally assi/$ programs ,any cr$it or refund all[$ or made to any individual by reason ( section #cf;,a ( ! ,int]nal ,rev5ue ,code ( #aihf 7z add$ by ?is section7 or by reason ( subsection 7b7 ( ?is section %all n be tak5 into acc\nt z income & %all n be tak5 into acc\nt z res\rces = ! mon? ( receipt & ! foll[+ #b mon?s1 = purposes ( det]m9+ ! eligibility ( su* individual or any o!r individual = b5efits or assi/ance1 or ! am\nt or ext5t ( b5efits or assi/ance1 "u any ,f$]al program or "u any ,/ate or local program f9anc$ 9 :ole or 9 "p ) ,f$]al funds4 7c7 ,au?ority relat+ to cl]ical errors ,section #fbac7;g77#b7 ( su* ,code is am5d$ by /rik+ & at ! end ( subp>agraph 7,m71 by /rik+ ! p]iod at ! end ( subp>agraph 7,n7 & ins]t+ 1 &1 & by add+ at ! end ! foll[+ new subp>agraph3 7,o7 an omission ( ! correct social security acc\nt numb] requir$ "u section #cf;,a7c77#a77;,b74 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjae4 #d4 ,repayable advances to highway tru/ fund 7a7 ,repayable advances ,section #iejc7;f7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by r$esignat+ p>agraph 7#g7 z p>agraph 7#h7 & by ins]t+ aft] p>agraph 7#f7 ! foll[+ new p>agraph3 7#g7 #bjae %ortfall advance ,out ( money 9 ! ,treasury n o!rwise appropriat$1 !re is h]eby appropriat$-- 7,a7 #h1jjj1jjj1jjj to ! ,highway ,acc\nt 7z def9$ 9 subsection 7e77#e77;,b77 9 ! ,highway ,tru/ ,fund2 & 7,b7 #c1jjj1jjj1jjj to ! ,mass ,transit ,acc\nt 9 ! ,highway ,tru/ ,fund4 4 7b7 ,repaym5t ( advances ,section #iejc7;c7 ( su* ,code is am5d$ by add+ at ! end ! foll[+3 7#f7 ,transf]s f highway tru/ fund = c]ta9 repaym5ts ( c]ta9 advances 7,a7 ,9 g5]al ,! ,secret>y %all pay f "t to "t f ! ,highway ,tru/ ,fund into ! g5]al fund ( ! ,treasury am\nts equival5t to am\nts transf]r$ to ! ,highway ,tru/ ,fund t are attributable to ! op]ation ( sections #djda7;a77#d71 #djda7m77#c71 & #djha7;a77#b77;,e74 7,b7 ,limitation ,no am\nt %all be transf]r$ "u ?is p>agraph aft] ! aggregate am\nt transf]r$ "u subp>agraph 7,a7 equals #aa1jjj1jjj1jjj4 7,c7 ,transf]s bas$ on e/imates ,transf]s "u subp>agraph 7,a7 %all be made on ! basis ( e/imates by ! ,secret>y1 & prop] adju/m5ts %all be made 9 am\nts subsequ5tly transf]r$ to ! ext5t prior e/imates 7 9 excess or less ?an ! am\nts requir$ to be transf]r$4 7,d7 ,transf]s made proportionally ,transf]s "u subp>agraph 7,a7 %all be borne by ! ,highway ,acc\nt & ! ,mass ,transit ,acc\nt 9 proportion to ! respective rev5ues transf]r$ "u subsection 7f77#g7 to ! ,highway ,acc\nt & ! ,mass ,transit ,acc\nt4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all take effect on ,augu/ #a1 #bjae4