CONTINUATION OF MOTOR FUEL TAX RATES.

Sec. 201. CONTINUATION OF MOTOR FUEL TAX RATES. (a) Diesel Fuel and Special Motor Fuels.—Subsections (a) and (b) of section 4041 of the Internal Revenue Code of 1954 (relating to taxes on diesel fuel and special motor fuels) are each amended— (1) by striking out “3 cents a gallon” and inserting in lieu thereof “4 cents a gallon”; and (2) by striking out “1 cent a gallon” and inserting in lieu thereof “2 cents a gallon”, (b) Gasoline.—Section 4081(a) of such Code (relating to tax on gasoline) is amended by striking out “3 cents a gallon” and inserting in lieu thereof “4 cents a gallon”. (c) Rate Reduction in 1972.—Sections 4041(c) and 4081(b) of such Code (providing a reduction to a 1½-cent a gallon rate on July 1, 1972) are each amended by striking out “July 1, 1972” and inserting in lieu thereof “October 1, 1972”. 75 Stat. 124 (d) Repeal of Temporary Provisions.—Sections 4041(f) and 4081(c) Code (relating to rates of tax for the period beginning October 1, 1959, and ending June 30, 1961) are hereby repealed. (e) Conforming Amendment.—Section 6421(h) of such Code (relating to nonhighway or local transit use of gasoline) is amended by striking out “July 1, 1972” and inserting in lieu thereof “October 1, 1972”.