MODIFICATIONS OF TAX ON USE OF CERTAIN VEHICLES.

SEC. 867. MODIFICATIONS OF TAX ON USE OF CERTAIN VEHICLES.(a) Proration of Tax Where Vehicle Sold.—(1) In general.—Subparagraph (A) of section 4481(c)(2) (relating to where vehicle destroyed or stolen) is amended by striking “destroyed or stolen” both places it appears and inserting “sold, destroyed, or stolen”.(2) Conforming amendment.—The heading for section 4481(c)(2) is amended by striking “destroyed or stolen” and inserting “sold, destroyed, or stolen”.(b) Repeal of Installment Payment.—(1) Section 6156 (relating to installment payment of tax on use of highway motor vehicles) is repealed.(2) The table of sections for subchapter A of chapter 62 is amended by striking the item relating to section 6156.(c) Electronic Filing.—Section 4481 is amended by redesignating subsection (e) as subsection (f) and by inserting after subsection (d) the following new subsection:“(e) Electronic Filing.—Any taxpayer who files a return under this section with respect to 25 or more vehicles for any taxable period shall file such return electronically.”.(d) Repeal of Reduction in Tax for Certain Trucks.—Section 4483 is amended by striking subsection (f).(e) Effective Date.—The amendments made by this section shall apply to taxable periods beginning after the date of the enactment of this Act.