,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #gibf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ca1 #bjbb,mr4   
,s*iff introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide = a susp5sion 
( ! highway fuel tax & to impose a      
tempor>y fee on excess oil pr(its4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,f$]al ,gas ,tax ,susp5sion & ,w9dfall  
,pr(its ,tax ,act ( #bjbb4  #b4 ,highway
 fuel tax susp5sion  7a7 ,tempor>y      
susp5sion ( highway fuel taxes on       
gasol9e  7#a7 ,9 g5]al ,section #djha ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7f7 ,tempor>y susp5sion (  
taxes on gasol9e  7#a7 ,9 g5]al ,dur+ ! 
applicable p]iod1 ! rate ( tax o!rwise  
applicable to gasol9e "u subsection     
7a77#b77;,a77i71 det]m9$ ) reg>d to     
subsection 7a77#b77;,b71 %all be r$uc$  
to z]o c5ts p] gallon4  7#b7 ,applicable
 p]iod ,= purposes ( ?is subsection1 !  

t]m applicable p]iod means ! p]iod      
beg9n+ on ! date ( ! enactm5t ( ?is     
subsection & end+ on ,decemb] #ca1      
#bjbc4  7#c7 ,ma9t5ance ( tru/ fund     
deposits ,9 det]m9+ ! am\nts to be      
appropriat$ to ! ,highway ,tru/ ,fund "u
 section #iejc & to ! ,leak+ ,und]gr\nd 
,/orage ,tank ,tru/ ,fund "u #iejh1 an  
am\nt equal to ! r$uction 9 rev5ues to !
 ,treasury by reason ( ?is subsection   
%all be treat$ z taxes receiv$ 9 !      
,treasury "u ?is section or section     
#djda4  4  7#b7 ,effective date ,!      
am5dm5t made by ?is subsection %all take
 effect on ! date ( ! enactm5t ( ?is    
,act4  7b7 ,floor /ock refunds  7#a7 ,9 
g5]al ,if-- 7,a7 be=e ! tax susp5sion   
date1 a tax ref]r$ to 9 section         
#djha7;f77#b7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf has be5 impos$ "u su* ,code on 
any liquid1 &  7,b7 on su* date su*     
liquid is held by a deal] & has n be5   
us$ & is int5d$ = sale1  !re %all be    
cr$it$ or refund$ 7)\t int]e/7 to !     
p]son :o paid su* tax 7h]eaft] 9 ?is    

subsection ref]r$ to z ! taxpay]71 aga9/
 ! taxpay]'s subsequ5t semi-mon?ly      
deposit ( su* tax1 an am\nt equal to !  
excess ( ! tax paid by ! taxpay] ov] !  
am\nt ( su* tax :i* w\ld be impos$ on   
su* liquid _h ! taxable ev5t occurr$ on 
! tax susp5sion date4  7#b7 ,"t = fil+  
claims2 c]tifications necess>y to file  
claims  7,a7 ,9 g5]al ,no cr$it or      
refund %all be all[$ or made "u ?is     
subsection--  7i7 unless claim !re=e is 
fil$ ) ! ,secret>y be=e ! date :i* is #f
 mon?s aft] ! tax susp5sion date1 &     
7ii7 9 any case :]e liquid is held by a 
deal] 7o!r ?an ! taxpay]7 on ! tax      
susp5sion date1 unless ! taxpay] files )
 ! ,secret>y--  7,i7 a c]tification t ! 
taxpay] has giv5 a cr$it to su* deal] ) 
respect to su* liquid aga9/ ! deal]'s   
fir/ pur*ase ( liquid f ! taxpay]       
subsequ5t to ! tax susp5sion date1 &    
7,,ii7 a c]tification by su* deal] t su*
 deal] has giv5 a cr$it to a succe$+    
deal] 7if any7 ) respect to su* liquid  
aga9/ ! succe$+ deal]'s fir/ pur*ase (  

liquid f su* deal] subsequ5t to ! tax   
susp5sion date4  7,b7 ,reasonabl5ess (  
claims c]tifi$ ,any c]tification made "u
 subp>agraph 7,a7 %all include an       
additional c]tification t ! claim =     
cr$it 0 reasonably bas$ on ! taxpay]'s  
or deal]'s pa/ bus9ess relation%ip ) !  
succe$+ deal]4  7#c7 ,def9itions ,=     
purposes ( ?is subsection--  7,a7 ! t]ms
 deal] & held by a deal] h ! respective 
mean+s giv5 to su* t]ms by section #fdab
 ( su* ,code2 except t ! t]m deal]      
includes a produc]1 &  7,b7 ! t]m tax   
susp5sion date means ! date ( ! enactm5t
 ( ?is ,act4  7#d7 ,c]ta9 rules to apply
 ,rules simil> to ! rules ( subsections 
7b7 & 7c7 ( section #fdab ( su* ,code   
%all apply = purposes ( ?is subsection4 
7c7 ,floor /ocks tax  7#a7 ,imposition (
 tax ,9 ! case ( any liquid on :i* tax  
w\ld h be5 impos$ "u section #djha ( !  
,int]nal ,rev5ue ,code ( #aihf dur+ !   
applicable p]iod b = ! am5dm5t made by  
subsection 7a71 & :i* is held on ! floor
 /ocks tax date by any p]son1 !re is    

h]eby impos$ a floor /ocks tax 9 an     
am\nt equal to ! tax :i* w\ld be impos$ 
on su* liquid _h ! taxable ev5t occurr$ 
on ! floor /ocks tax date4  7#b7        
,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 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 9 su* mann] z ! ,secret>y %all     
prescribe4  7,c7 ,"t = paym5t ,! tax    
impos$ by p>agraph 7#a7 %all be paid on 
or be=e ! date :i* is #f mon?s aft] !   
floor /ocks tax date4  7#c7 ,def9itions 
,= purposes ( ?is subsection--  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 
,gasol9e ,! t]m gasol9e has ! respective
 mean+ giv5 su* t]m by section #djhc (  
su* ,code4  7,c7 ,floor /ocks tax date  
,! t]m floor /ocks tax date means       
,janu>y #a1 #bjbd4  7,d7 ,applicable    

p]iod ,! t]m applicable p]iod means !   
p]iod describ$ 9 section #djha7;f77#c7 (
 su* ,code4  7#d7 ,exception = exempt   
uses ,! tax impos$ by p>agraph 7#a7 %all
 n apply to gasol9e held by any p]son   
exclusively = any use to ! ext5t a cr$it
 or refund ( ! tax impos$ by section    
#djha ( su* ,code is all[able = su* use4
  7#e7 ,exception = fuel held 9 vehicle 
tank ,no tax %all be impos$ by p>agraph 
7#a7 on gasol9e held 9 ! tank ( a motor 
vehicle4  7#f7 ,exception = c]ta9 am\nts
 ( fuel  7,a7 ,9 g5]al ,no tax %all be  
impos$ by p>agraph 7#a7 on gasol9e 7o!r 
?an aviation gasol9e7 held on ! floor   
/ocks tax date by any p]son if !        
aggregate am\nt ( gasol9e held by su*   
p]son on su* date does n exce$ #d1jjj   
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 fuel held by any    
p]son :i* is exempt f ! tax impos$ by   
p>agraph 7#a7 by reason ( p>agraph 7#d7 
or 7#e74  7,c7 ,controll$ gr\ps ,=      
purposes ( ?is p>agraph-- 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 ( clause 7i7 %all 
apply to a gr\p ( p]sons "u common      
control :]e #a or m ( su* p]sons is n a 
corporation4  7#g7 ,o!r law applicable  
,all provisions ( law1 includ+ p5alties1
 applicable ) respect to ! taxes impos$ 
by section #djha ( su* ,code %all1 ins(>
 z applicable & n inconsi/5t ) !        

provisions ( ?is p>agraph1 apply )      
respect to ! floor /ock taxes impos$ by 
p>agraph 7#a7 to ! same ext5t z if su*  
taxes 7 impos$ by su* section #djha4    
7d7 ,secret>y ,= purposes ( ?is section1
 ! t]m ,secret>y means ! ,secret>y ( !  
,treasury or ! ,secret>y's delegate4    
7e7 ,s5se ( ,congress ,x is ! s5ses (   
,congress t-- 7#a7 consum]s imm$iately  
receive ! b5efit ( ! r$uction 9 taxes   
result+ f ! am5dm5t made by subsection  
7a71 &  7#b7 transportation motor fuels 
produc]s & o!r deal]s take su* actions z
 necess>y to r$uce transportation motor 
fuels prices to reflect su* r$uction1   
includ+ imm$iate cr$its to cu/om]       
acc\nts repres5t+ tax refunds all[$ z   
cr$its aga9/ excise tax deposit paym5ts 
"u ! floor /ocks refund provisions (    
subsection 7b74  #c4 ,tempor>y oil pr(it
 fee  7a7 ,9 g5]al ,subtitle ,e ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end !re( ! foll[+ new      
*apt]3  #ef ,tempor>y fee on excess oil 
pr(it  ,sec4 #ehif4 ,imposition ( fee4  

,sec4 #ehig4 ,excess pr(it2 etc4 ,sec4  
#ehih4 ,special rules & def9itions4     
#ehif4 ,imposition ( fee  7a7 ,9 g5]al  
,9 addition to any o!r tax impos$ "u ?is
 title1 !re is h]eby impos$ on any      
applicable taxpay] an excise fee 9 an   
am\nt equal to #ej p]c5t ( ! excess     
pr(it ( su* taxpay] = su* taxpay]'s fir/
 taxable ye> beg9n+ aft] ,decemb] #ca1  
#bjba4  7b7 ,applicable taxpay] ,=      
purposes ( ?is *apt]1 ! t]m applicable  
taxpay] means any integrat$ oil company 
7z def9$ 9 section #bia7;b77#d774       
#ehig4 ,excess pr(it2 etc  7a7 ,g5]al   
rule ,= purposes ( ?is *apt]1 ! t]m     
excess pr(it means ! excess ( ! adju/$  
taxable income ( ! applicable taxpay] = 
! taxable ye> ov] ! reasonably inflat$  
av]age pr(it = su* taxable ye>4  7b7    
,adju/$ taxable income ,= purposes ( ?is
 *apt]1 ) respect to any applicable     
taxpay]1 ! adju/$ taxable income = any  
taxable ye> is equal to ! taxable income
 = su* taxable ye> 7)9 ! mean+ ( section
 #fc & det]m9$ )\t reg>d to ?is         

subsection7 increas$ by any int]e/      
exp5se d$uction1 *>itable contribution  
d$uction1 & any net op]at+ loss d$uction
 c>ri$ =w>d f any prior taxable ye>4 ,9 
! case ( any applicable taxpay] :i* is a
 =eign corporation1 ! adju/$ taxable    
income %all be det]m9$ ) respect to su* 
income :i* is effectively connect$ ) !  
conduct ( a trade or bus9ess 9 ! ,unit$ 
,/ates4  7c7 ,reasonably inflat$ av]age 
pr(it ,= purposes ( ?is *apt]1 ) respect
 to any applicable taxpay]1 ! reasonably
 inflat$ av]age pr(it = any taxable ye> 
is an am\nt equal to ! av]age ( ! adju/$
 taxable income ( su* taxpay] = taxable 
ye>s beg9n+ dur+ ! #bjae-bjai taxable   
ye> p]iod 7det]m9$ )\t reg>d to !       
taxable ye> ) ! highe/ adju/$ taxable   
income 9 su* p]iod7 plus #aj p]c5t ( su*
 av]age4  #ehih4 ,special rules &       
def9itions  7a7 ,)hold+ & deposit ( fee 
,! ,secret>y %all provide su* rules z   
are necess>y = ! )hold+ & deposit ( !   
fee impos$ "u section #ehif4  7b7       
,records & in=mation ,ea* taxpay] liable

 = tax "u section #ehif %all keep su*   
records1 make su* returns1 & furni% su* 
in=mation z ! ,secret>y may by          
regulations prescribe4  7c7 ,return (   
fee ,! ,secret>y %all provide = ! fil+ &
 ! "t ( su* fil+ ( ! return ( ! fee     
impos$ "u section #ehif4  7d7 ,crude oil
 ,! t]m crude oil includes crude oil    
cond5sates & natural gasol9e4  7e7      
,bus9esses "u common control ,= purposes
 ( ?is *apt]1 all memb]s ( ! same       
controll$ gr\p ( corporations 7)9 !     
mean+ ( section #bfg7;f77 & all p]sons  
"u common control 7)9 ! mean+ ( section 
#eb7;b7 b det]m9$ by treat+ an int]e/ ( 
m ?an #ej p]c5t z a controll+ int]e/7   
%all be treat$ z #a p]son4  7f7         
,regulations ,! ,secret>y %all prescribe
 su* regulations z may be necess>y or   
appropriate to c>ry out ! purposes ( ?is
 *apt]4  4  7b7 ,cl]ical am5dm5t ,!     
table ( *apt]s = subtitle ,e ( su* ,code
 is am5d$ by add+ at ! end ! foll[+ new 
item3  ,*apt] #ef--,tempor>y fee on     
excess oil pr(it  4  7c7 ,d$uctibility (

 fee ,! fir/ s5t5ce ( section #afd7;a7 (
 su* ,code is am5d$ by ins]t+ aft]      
p>agraph 7#d7 ! foll[+ new p>agraph3    
7#e7 ,! fee impos$ by section #ehif4  4 
7d7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4