AMENDMENTS RELATED TO TITLE XVII OF THE REFORM ACT.

SEC. 1017. AMENDMENTS RELATED TO TITLE XVII OF THE REFORM ACT. (a) Amendments Related to Section 1701 of the Reform Act.—Clause (i) of section 51(d)(12)(B) of the 1986 Code is amended by striking out “subsection (a)(1)” and inserting in lieu thereof “subsection (a)”. (b) Amendment Related to Section 1702 of the Reform Act.—Subsection (j) of section 6652 of the 1986 Code, as added by section 1702(b) of the Reform Act and as in effect before its repeal by the Revenue Act of 1987, is amended by inserting “(and the corresponding provision of section 4041(d)(1))” after “section 4041(a)(1)”. (c) Amendments Related to Section 1703 of the Reform Act.— (1) (A) Subsection (a) of section 4081 of the 1986 Code, as amended by section 1703 of the Reform Act, is amended by redesignating paragraph (2) as paragraph (3) and by striking out paragraph (1) and inserting in lieu thereof the following new paragraphs: “(1) In general.—There is hereby imposed a tax at the rate specified in paragraph (2) on the earlier of— “(A) the removal, or “(B) the sale, of gasoline by the refiner or importer thereof or the terminal operator. (2) Rates of tax.— 102 STAT. 3576 “(A) In general.— The rate of the tax imposed by this section is the sum of— “(i) the Highway Trust Fund financing rate, and “(ii) the Leaking Underground Storage Tank Trust Fund financing rate. “(B) Rates.— For purposes of subparagraph (A)— “(i) the Highway Trust Fund financing rate is 9 cents a gallon, and “(ii) the Leaking Underground Storage Tank Trust Fund financing rate is 0.1 cent a gallon.” (B) Subsections (b) and (c) of section 4081 of the 1986 Code, as amended by section 1703 of the Reform Act, are each amended by striking out “subsection (d)” and inserting in lieu thereof “subsection (a)”. (C) Subsection (e) of section 4081 of the 1986 Code, as amended by section 1703 of the Reform Act, is amended— (i) by striking out “subsection (d)(2)(A)” in paragraph (1) and inserting in lieu thereof “subsection (a)(2)”, and (ii) by striking out “subsection (d)(2)(B)” each place it appears in paragraph (2) and inserting in lieu thereof “subsection (a)(2)”. (D) Section 4081 of the 1986 Code, as amended by section 1703 of the Reform Act, is amended by striking out subsection (d) and by redesignating subsection (e) as subsection (d). (2) Subsection (b) of section 34 of the 1986 Code is amended by striking out “section 6421(i) or 6427(j)” and inserting in lieu thereof “section 6421(j) or 6427(k)”. (3) Sections 4041(b)(1)(C) and 6427(m)(3) of the 1986 Code are each amended by striking out “section 6421(d)(2)” and inserting in lieu thereof “section 6421(e)(2)”. (4) Paragraph (3) of section 4041(f) of the 1986 Code is amended to read as follows: “(3) Termination.—Except with respect to the taxes imposed by subsection (d), paragraph (1) shall not apply on and after October 1, 1993.” (5) The amendment made by section 10502(d)(4) of the Revenue Act of 1987 shall be treated as if included in the amendments made by section 1703 of the Reform Act except that the reference to section 4091 of the Internal Revenue Code of 1986 shall not apply to sales before April 1, 1988. (6) Section 6421 of the 1986 Code is amended by redesignating subsection (i) (relating to income tax credit in lieu of payment) and subsection (j) (relating to cross references) as subsections (j) and (k), respectively. (7) Subsections (a) and (b)(1) of section 6421 of the 1986 Code are each amended by striking out “subsection (i)” and inserting in lieu thereof “subsection (j) . (8) Paragraph (2) of section 6421(j) of the 1986 Code (as redesignated by paragraph (6)) is amended by striking out “subsection W and inserting in lieu thereof “subsection (d)(2)”. (9) Sections 7210, 7603, 7604(b), 7604(c)(2), 7605(a), 7609(c)(1), and 7610(c) of the 1986 Code are each amended by striking out “6421(f)(2)” and inserting in lieu thereof “6421(g)(2)”. (10) Paragraph (2) of section 6427(k) of the 1986 Code is amended by striking out “subsection” and all that follows and inserting in lieu thereof “paragraph (2) or (3) of subsection (i).” 102 STAT. 3577 (11) Paragraph (6) of section 6511(i) of the 1986 Code is amended by striking out “section 6421(c)” and inserting in lieu thereof “section 6421(d)”. (12) Subparagraph (G) of section 1703(e)(2) of the Reform Act is amended by striking out all that follows “are amended” and inserting in lieu thereof by striking out ‘6427(i)(2)’ and inserting in lieu thereof “6427(j)2j.” (13) Paragraph (2) of section 1703(f) of the Reform Act is amended by adding at the end thereof the following new sentence: “All other provisions of law, including penalties, applicable with respect to the taxes imposed by section 4081 of the Internal Revenue Code of 1986 shall apply to the floor stocks taxes imposed by this section.” (14) Paragraph (1) of section 4081(c) of the 1986 Code, as amended by section 1703 of the Reform Act, is amended by striking out “3 cents” and inserting in lieu thereof “3*4 cents”. (15) Subsection (d) of section 6421 of the 1986 Code is amended by adding at the end thereof the following new paragraph: “(3) Application to sales under subsection (c).— For purposes of this subsection, gasoline shall be treated as used for a purpose referred to in subsection (c) when it is sold for such a purpose.” (16) Section 4222(d) of the 1986 Code is amended by striking out “4083” and inserting in lieu thereof “4101”.