INCREASED BASE TAX AMOUNT ON OZONE-DEPLETING CHEMICALS.

SEC. 1931. INCREASED BASE TAX AMOUNT ON OZONE-DEPLETING CHEMICALS. (a) In General.— Subparagraph (B) of section 4681(b)(1) (relating to amount of tax) is amended to read as follows: “(B) Base tax amount.—The base tax amount for purposes of subparagraph (A) with respect to any sale or use during a calendar year before 1996 with respect to any ozone-depleting chemical is the amount determined under the following table for such calendar year: “Calendar year: Base tax amount: 1993 3.35 1994 4.35 1995 5.35.” (b) Rates Retained for Chemicals Used in Rigid Foam Insulation.— The table in subparagraph (B) of section 4682(g)(2) (relating to chemicals used in rigid foam insulation) is amended by striking “10” and inserting “7.46”. (c) Floor Stocks.— Subparagraph (C) of section 4682(h)(2) (relating to tax-increase dates) is amended by striking “of 1991, 1992, 1993, and 1994” and inserting “of any calendar year after 1991”. (d) Effective Date.— The amendments made by this section shall apply to taxable chemicals sold or used on or after January 1, 1993.