EXTENSION OF HIGHWAY-RELATED TAXES AND TRUST FUND.

SEC. 9002. EXTENSION OF HIGHWAY-RELATED TAXES AND TRUST FUND. (a) Extension of Taxes.— (1) In general.— The following provisions are each amended by striking “1999” each place it appears and inserting “2005”: (A) Section 4041(a)(1)(C)(iii)(I) (relating to rate of tax on certain buses). (B) Section 4041(a)(2)(B) (relating to rate of tax on special motor fuels), as amended by section 907(a)(1) of the Taxpayer Relief Act of 1997. (C) Section 4041(m)(1)(A) (relating to certain alcohol fuels), as amended by section 907(b) of the Taxpayer Relief Act of 1997. (D) Section 4051(c) (relating to termination of tax on heavy trucks and trailers). (E) Section 4071(d) (relating to termination of tax on tires). (F) Section 4081(d)(1) (relating to termination of tax on gasoline, diesel fuel, and kerosene). (G) Section 4481(e) (relating to period tax in effect). (H) Section 4482(c)(4) (relating to taxable period). (I) Section 4482(d) (relating to special rule for taxable period in which termination date occurs). (2) Other provisions.— (A) Floor stocks refunds.— Section 6412(a)(1) (relating to floor stocks refunds) is amended— 112 STAT. 500 “(i) by striking “1999” each place it appears and inserting “2005”, and “(ii) by striking “2000” each place it appears and inserting “2006”. (B) Installment payments of highway use tax.— Section 6156(e)(2) (relating to installment payments of highway use tax on use of highway motor vehicles) is amended by striking “1999” and inserting “2005”. (b) Extension of Certain Exemptions.— The following provisions are each amended by striking “1999” and inserting “2005”: (1) Section 4221(a) (relating to certain tax-free sales). (2) Section 4483(g) (relating to termination of exemptions for highway use tax). (c) Extension of Deposits Into, and Certain Transfers From, Trust Fund.— (1) In general.— Subsection (b), and paragraphs (2) and (3) of subsection (c), of section 9503 (relating to the Highway Trust Fund) are each amended— (A) by striking “1999” each place it appears and inserting “2005”, and (B) by striking “2000” each place it appears and inserting “2006”. (2) Motorboat and small-engine fuel tax transfers.— (A) In general.— Paragraphs (4)(A)(i) and (5)(A) of section 9503(c) are each amended by striking “1998” and inserting “2005”. (B) Conforming amendments to land and water conservation fund.— Section 201(b) of the Land and Water Conservation Fund Act of 1965 (16 U.S.C. 4601–11(b)) is amended— (i) by striking “1997” and inserting “2003”, and (ii) by striking “1998” each place it appears and inserting “2004”. (3) Conforming amendment.— The heading for paragraph (3) of section 9503(c) is amended to read as follows: “(3) Floor stocks refunds.—”. (d) Extension and Expansion of Expenditures From Trust Fund.— (1) Highway account.— (A) Extension of expenditure authority.— Paragraph (1) of section 9503(c) is amended by striking “1998” and inserting “2003” (B) Expansion of purposes.— Paragraph (1) of section 9503(c) is amended— (i) by striking “or” at the end of subparagraph (C), and (ii) by striking “1991” in subparagraph (D) and all that follows through the end of paragraph(1) and inserting “1991, or “(E) authorized to be paid out of the Highway Trust Fund under the Transportation Equity Act for the 21st Century. In determining the authorizations under the Acts referred to in the preceding subparagraphs, such Acts shall be applied as in effect on the date of enactment of the Transportation Equity Act for the 21st Century.”. (2) Mass transit account.— 112 STAT. 501 (A) Extension of expenditure authority.— Paragraph (3) of section 9503(e) is amended by striking “1998” and inserting “2003”. (B) Expansion of purposes.— Paragraph (3) of section 9503(e) is amended— (i) by striking “or” at the end of subparagraph(A), (ii) by adding “or” at the end of subparagraph(B), and (iii) by striking all that follows subparagraph (B)and inserting: “(C) the Transportation Equity Act for the 21st Century,. as such section and Acts are in effect on the date of enactment of the Transportation Equity Act for the 21st Century.”. (e) Technical Correction Relating to Transfers to Mass Transit Account.— (1) In general.— Section 9503(e)(2) is amended by striking the last sentence and inserting the following: “For purposes of the preceding sentence, the term ‘mass transit portion’ means, for any fuel with respect to which tax was imposed under section 4041 or 4081 and otherwise deposited into the Highway Trust Fund, the amount determined at the rate of— “(A) except as otherwise provided in this sentence,2.86 cents per gallon, “(B) 1.43 cents per gallon in the case of any partially exempt methanol or ethanol fuel (as defined in section 404l(m)) none of the alcohol in which consists of ethanol, “(C) 1.86 cents per gallon in the case of liquefied natural gas, “(D) 2.13 cents per gallon in the case of liquefied petroleum gas, and “(E) 9.71 cents per MCF (determined at standard temperature and pressure) in the case of compressed natural gas.”. (2) Effective date.— The amendment made by paragraph (1) shall take effect as if included in the amendment made by section 901(b) of the Taxpayer Relief Act of 1997. (f) Clerical Amendments.— (1) Paragraph (1) of section 9503(b) is amended by striking subparagraph (C), by striking “and tread rubber” in subparagraph (D), and by redesignating subparagraphs (D), (E), and (F) as subparagraphs (C), (D), and (E), respectively. (2) Clause (i) of section 9503(c)(2)(A) is amended by adding “and” at the end of subclause (II), by striking subclause (III), and by redesignating subclause (IV) as subclause (III). (3) Clause (ii) of section 9503(c)(2)(A) is amended by striking “gasoline, special fuels, and lubricating oil” each place it appears and inserting “fuel”.