,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #hfjj  ,,in ,,the ,,house ,,of  
,,representatives  ,april #cj1 #bjbf,mr4
 ,boyle of ,pennsylvania 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 temporarily suspend  
certain fuel excise taxes for fuel      
separated during periods in which the   
national average price of gasoline      
exceeds #c4ii per gallon1 and to        
prohibit certain credits or deductions  
for oil and gas companies during such   
periods4  #a4 ,suspension of tax on     
removal1 entry1 or sale of certain fuel2
 suspension of certain credits and      
deductions for oil and gas companies    
7a7 ,in general  7#a7 ,in general       
,section #djha of the ,internal ,revenue
 ,code of #aihf is amended by adding at 
the end the following new subsection3   
7f7 ,partial suspension of tax during   
certain periods ,in any month during    
which the national average price of     

gasoline exceeds #c4ii per gallon1 the  
tax imposed by subsection 7a7 shall be  
reduced 7but not below zero7 by #a cent 
for each cent of such excess average    
price4  4  7#b7 ,transfers to ,trust    
,fund  7,a7 ,in general ,the ,secretary 
of the ,treasury 7or the ,secretary's   
delegate7 shall transfer from the       
general fund to the ,highway ,trust     
,fund established under section         
#iejc7;a7 of the ,internal ,revenue     
,code of #aihf and the ,leaking         
,underground ,storage ,tank ,trust ,fund
 established under section #iejh7;a7 of 
such ,code amounts equal to the         
reduction in amounts credited 7but for  
this subsection7 to each such ,trust    
,fund by reason of the partial          
suspension under section #djha7;f7 of   
such ,code 7as added by paragraph #a of 
this section74  7,b7 ,coordination rules
  7i7 ,leaking ,underground ,storage    
,tank ,trust ,fund ,amounts transferred 
to the ,leaking ,underground ,storage   
,tank ,trust ,fund under subparagraph   

7,a7 shall be treated for purposes of   
sections #iejc7;b77#a7 and #iejh7;b77#b7
 of such ,code as taxes received in the 
,treasury under section #djha of such   
,code attributable to the ,leaking      
,underground ,storage ,tank ,trust ,fund
 financing rate4  7ii7 ,highway ,trust  
,fund ,amounts transferred to the       
,highway ,trust ,fund under subparagraph
 7,a7 shall be treated for purposes of  
section #iejc7;b77#a7 of such ,code as  
taxes received in the ,treasury under   
section #djha of such ,code which are   
not attributable to the ,leaking        
,underground ,storage ,tank ,trust ,fund
 financing rate4  7b7 ,intangible       
drilling costs ,section #bfc7;c7 of such
 ,code is amended by adding at the end  
the following new sentence3 ,this       
section shall not apply with respect to 
any costs incurred during any month     
described in section #djha7;f744  7c7   
,enhanced oil recovery credit ,section  
#dc of such ,code is amended by adding  
at the end the following new subsection3

  7f7 ,credit not applicable to costs   
paid or incurred during disqualified    
periods ,no credit shall be allowed     
under this section for costs paid or    
incurred during any month described in  
section #djha7;f74  4  7d7 ,marginal    
well credit ,section #de;,i7d7 of such  
,code is amended by adding at the end   
the following new paragraph3  7#d7      
,production during disqualified periods 
excluded ,no credit shall be allowed    
under this section for production during
 any month described in section         
#djha7;f74  4  7e7 ,effective date ,the 
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjbe4