POSTPONEMENT OF CERTAIN EXCISE TAX REDUCTIONS.

SEC. 303. POSTPONEMENT OF CERTAIN EXCISE TAX REDUCTIONS. (a) The following provisions of the Internal Revenue Code of 1954 are amended by striking out “1972” each place it appears and inserting in lieu thereof “1977”: (1) Section 4041(c)(3) (relating to rate of tax on fuel for noncommercial aviation). (2) Section 4041 (e) (relating to rate reduction). (3) Section 4061(a) (1) (relating to imposition of tax on trucks, buses, etc.). 84 Stat. 1744 (4) Section 4061(b) (1) (relating to imposition of tax on parts and accessories). (5) Section 4071(d) (relating to imposition of tax on tires and tubes). (6) Section 4081 (b) (relating to imposition of tax on gasoline). (7) Section 4481(a) (relating to imposition of tax on use of highway motor vehicles). (8) Section 4481(e) (relating to period tax in effect). (9) Section 4482(c) (4) (defining taxable period). (10) Section 6156(e)(2) (relating to installment payments of tax on use of highway motor vehicles). (11) Section 6421(h) (relating to tax on gasoline used for certain nonhighway purposes or by local transit systems). (b) Section 6412 (a) (2) of such Code (relating to floor stock refunds) is amended— (1) by striking out “1972” each place it appears and inserting in lieu thereof “1977”; (2) by striking out “January 1, 1973” each place it appears and inserting in lieu thereof “January 1, 1978”; and (3) by striking out “February 10, 1973” each place it appears and inserting in lieu thereof “March 31, 1978”.