TRANSFERS TO HIGHWAY TRUST FUND.

SEC. 202. TRANSFERS TO HIGHWAY TRUST FUND. (a) Transfer.—Section 209(c) of the Highway Revenue Act of 1956 (relating to transfer to Highway Trust Fund of amounts equivalent to certain taxes) is amended by renumbering paragraphs (2) and (3) as paragraphs (3) and (4), respectively, and by inserting after paragraph (1) the following new paragraph: “(2) Excise tax on automobiles, parts and accessories, etc.—There is hereby appropriated to the Trust Fund, out of money in the Treasury not otherwise appropriated, amounts equivalent to that portion of the taxes received in the Treasury after June 30, 1961, and before July 1, 1964, under subsection (a)(2) (tax on passenger automobiles, etc.) and (b) (tax on parts and accessories) of section 4061 of the Internal Revenue Code of 1954 which is equal to the amount which would have been so received if the tax rate under each such subsection had been 5 percent in lieu of the applicable rate.” 73 Stat. 616 (b) Conforming Amendments.— (1) Clerical amendment.—Paragraph (4) (as renumbered by subsection (a)) of such section 209(c) is amended by striking out “paragraphs (1) and (2)” each place it appears and inserting in lieu thereof “paragraphs (1), (2), and (3). (2) Floor stocks refunds.—Section 209(f) of the Highway Revenue Act of 1956 (relating to expenditures from Highway Trust Fund) is amended— (A) by striking out the heading to paragraph (4) and inserting in lieu thereof the following: “(4) 1972 floor stocks refunds.“; and (B) by adding at the end thereof the following new paragraph: “(5) 1961 floor stocks refunds on gasoline.—The Secretary of the Treasury shall pay from time to time from the Trust Fund into the general fund of the Treasury amounts equivalent to the floor stocks refunds made before July 1, 1962, under section 6412(a)(3).”