HIGHWAY TRUST FUND.

Sec. 207. HIGHWAY TRUST FUND. (a) Transfer of Amounts Equivalent to Tax on Trucks, Buses, Etc.—Subparagraph (C) of section 209(c)(1) of the Highway Revenue Act of 1956 (relating to transfer to Highway Trust Fund of amounts equivalent to certain taxes) is amended to read as follows: “(C) 50 percent of the tax received after June 30, 1957, and before July 1, 1962, under section 4061(a)(1) (tax on trucks, buses, etc.), and 100 percent of the tax received after June 30, 1962, under section 4061(a)(1);”. (b) Repeal of Transfer to Trust Fund of Excise Taxes on Automobiles, Parts and Accessories, etc.—Paragraph (2) of section 209(c) of such Act (providing for the transfer to the Highway Trust Fund of amounts equivalent to a portion of the excise taxes on automobiles and parts and accessories received after June 30, 1961, and before July 1, 1964) is hereby repealed. (c) Receipts in Fiscal Year 1973.— (1) Paragraph (1) of section 209(c) of such Act (relating to transfer to Trust Fund of amounts equivalent to certain taxes) is amended by striking out “July 1, 1972” and inserting in lieu thereof “October 1, 1972”. (2) Paragraph (3) of such section 209(c) is amended— (A) by striking out “july 1, 1972” in the heading and inserting in lieu thereof “october 1, 1972”; (B) by striking out “after June 30, 1972, and before July 1, 1973, and which are attributable to liability for tax incurred before July 1, 1972,” and inserting in lieu thereof “after September 30, 1972, and before July 1, 1973, and which are attributable to liability for tax incurred before October 1, 1972,”; (C) by striking out subparagraph (C) and inserting in lieu thereof the following: “(C) 50 percent of the tax under section 4071 (a)(1) (tax on tires of the type used on highway vehicles) and 10 percent of the tax under section 4071(a)(3) (tax on inner tubes for tires); and”. (d) Expenditures in Fiscal Year 1973.— (1) Paragraph (1) of section 209(f) of such Act (relating to expenditures from Trust Fund for Federal-aid highway program) is amended by striking out “July 1, 1972” and inserting in lieu thereof “October 1, 1972”. (2) Paragraph (3) of such section 209(f) (relating to transfers from Trust Fund for gasoline used on farms and for certain other purposes) is amended by striking out “July 1, 1972” and inserting in lieu thereof “October 1, 1972”. (3) Subparagraphs (B) and (C) of section 209(f)(4) of such Act are amended to read as follows: “(B) 100 percent of the refunds in respect of articles subject to tax under section 4071(a)(1), (3), or (4) of such Code (certain tires, tubes, and tread rubber); and “(C) 80 percent of the refunds in respect of gasoline subject to tax under section 4081 of such Code.” (4) Paragraph (5) of such section 209(f) (relating to 1961 floor stocks refunds on gasoline) is hereby repealed.