,i #aafth ,,congress #ast ,session ,h4 ,r4 #bhfd ,,in ,,the ,,house ,,of ,,representatives ,may #ba1 #bjai,mr4 ,blumenauer introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to increase the excise tax on gasoline1 diesel1 and kerosene fuels4 #a4 ,short title ,this ,act may be cited as the ,rebuild ,america ,act of #bjai4 #b4 ,sense of ,congress ,it is the sense of ,congress that by #bjbi the gas tax should be repealed and replaced with a more sustainable1 stable funding source4 #c4 ,tax on motor fuels 7a7 ,gasoline other than aviation gasoline ,section #djha7;a77#b77;,a77i7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7i7 in the case of gasoline other than aviation gasoline-- 7,i7 for tax imposed before #bjbj1 #ah4c cents per gallon1 7,,ii7 for tax imposed during #bjbj1 #bc4c cents per gallon1 7,,iii7 for tax imposed during #bjba1 #bh4c cents per gallon1 7,,iv7 for tax imposed during #bjbb1 #cc4c cents per gallon1 7,v7 for tax imposed during #bjbc1 #ch4c cents per gallon1 and 7,,vi7 for tax imposed after #bjbc1 #dc4c cents per gallon1 4 7b7 ,diesel fuel or kerosene ,section #djha7;a77#b77;,a77iii7 of such ,code is amended to read as follows3 7iii7 in the case of diesel fuel or kerosene-- 7,i7 for tax imposed before #bjbj1 #bd4c cents per gallon1 7,,ii7 for tax imposed during #bjbj1 #bi4c cents per gallon1 7,,iii7 for tax imposed during #bjba1 #cd4c cents per gallon1 7,,iv7 for tax imposed during #bjbb1 #ci4c cents per gallon1 7,v7 for tax imposed during #bjbc1 #dd4c cents per gallon1 and 7,,vi7 for tax imposed after #bjbc1 #di4c cents per gallon4 4 7c7 ,increase for inflation ,section #djha7;a77#b7 of such ,code is amended by adding at the end the following3 7,e7 ,adjustment for inflation ,in the case of any calendar year beginning after #bjbd1 the rates of tax contained in clauses 7i7 and 7iii7 of subparagraph 7,a7 shall each be increased by an amount equal to-- 7i7 such rate1 multiplied by 7ii7 the cost of living adjustment determined under section #a7;f77#c7 for the calendar year1 determined by substituting calendar year #bjbc for calendar year #bjaf in subparagraph 7,a77ii7 thereof4 ,any increase under the preceding sentence shall be rounded to the nearest #j4a cents4 4 7d7 ,diesel-,water fuel emulsion ,section #djha7;a77#b77;,d7 of such ,code is amended by striking #ai4g cents for #bd4c cents and inserting a rate equal to #ga percent of the rate in effect under such subparagraph 7without regard to this subparagraph74 7e7 ,termination ,section #djha7;d77#a7 of such ,code is amended by striking ,september #cj1 #bjbb and inserting ,december #ca1 #bjbi4 7f7 ,allocation in accounts in highway trust fund 7#a7 ,in general ,section #iejc7;e77#b77;,a7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7,a7 except as otherwise provided in this sentence-- 7i7 #b4hf cents per gallon with respect to taxes imposed during calendar years before #bjbj1 7ii7 #c4hf cents per gallon with respect to taxes imposed during calendar year #bjbj1 7iii7 #d4hf cents per gallon with respect to taxes imposed during calendar year #bjba1 7iv7 #e4hf cents per gallon with respect to taxes imposed during calendar year #bjbb1 7v7 #f4hf cents per gallon with respect to taxes imposed during calendar year #bjbc1 and 7vi7 #g4hf center per gallon with respect to taxes imposed after calendar year #bjbc1 4 7#b7 ,adjustment for inflation ,section #iejc7;e7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new paragraph3 7#f7 ,adjustment for inflation ,in the case of any calendar year beginning after #bjbd1 the rate of tax contained in paragraph 7#b77;,a7 shall be increased by an amount equal to-- 7,a7 such rate1 multiplied by 7,b7 the cost of living adjustment determined under section #a7;f77#c7 for the calendar year1 determined by substituting calendar year #bjbc for calendar year #bjaf in subparagraph 7,a77ii7 thereof4 ,any increase under the preceding sentence shall be rounded to the nearest #j4a cents4 4 7g7 ,effective date ,the amendments made by this section shall apply to fuel removed1 entered1 or sold after ,december #ca1 #bjah4 #d4 ,floor stocks tax 7a7 ,imposition of tax ,in the case of taxed fuel to which a qualified person holds title on ,january #a1 #bjbj1 there is hereby imposed on such fuel a tax at a rate of #e cents per gallon4 7b7 ,taxed fuel defined ,the term taxed fuel means taxable fuel 7as such term is defined in section #djhc7;a77#a771 other than aviation fuel1 on which tax was imposed 7and not credited or refunded7 under section #djha of the ,internal ,revenue ,code of #aihf before ,january #a1 #bjbj4 7c7 ,qualified person defined ,for purposes of this section-- 7#a7 ,in general ,the term qualified person means a person who1 on ,january #a1 #bjbj1 holds title to not less than #b1jjj gallons of taxed fuel 7other than fuel held in the tank of a motor vehicle or motorboat7 held for sale4 7#b7 ,aggregation rule ,for purposes of the #b1jjj gallon requirement1 all members of the same controlled group of corporations 7within the meaning of section #bfg7;f77 and all persons under common control 7within the meaning of section #eb7;b7 but determined by treating an interest of more than #ej percent as a controlling interest7 shall be treated as #a person4 7d7 ,other provisions of law ,all provisions of law1 including penalties1 applicable with respect to the taxes imposed by section #djha of the ,internal ,revenue ,code of #aihf shall1 insofar as applicable and not inconsistent with the provisions of this section1 apply with respect to the taxes imposed by subsection 7a7 to the same extent as if such taxes were imposed by such section #djha4