S.Amdt. 2414
What it does: Adds SEC. __. INCREASE IN DIESEL FUEL TAX FOR TRAINS; RAIL SAFETY TECHNOLOGY GRANTS wherever appropriate
Sen. Jack Reed (D-RI)What it changes
1 change to H.R. 22
Adds SEC. __. INCREASE IN DIESEL FUEL TAX FOR TRAINS; RAIL SAFETY TECHNOLOGY GRANTS wherever appropriate
Adds a sectionInserted: SEC. __. INCREASE IN DIESEL FUEL TAX FOR TRAINS; RAIL SAFETY TECHNOLOGY GRANTS.
Inserted: (a) Increase in Diesel Fuel Tax for Trains.--
Inserted: (1) In general.--Section 4041(a)(1)(C)(ii) of the Internal Revenue Code of 1986 is amended--
Inserted: (A) in subclause (II), by striking "and" at the end, and
Inserted: (B) by striking subclause (III) and inserting the following new subclauses:
Inserted: "(III) 0 cents per gallon after December 31, 2006, and before January 1, 2016, and
Inserted: "(IV) 4.3 cents per gallon after December 31, 2015.".
Inserted: (2) Effective date.--The amendments made by this subsection shall apply to fuel sold or used after December 31, 2015.
Inserted: (b) Establishment of Rail Transportation Trust Fund.--
Inserted: (1) In general.--Subchapter A of chapter 98 of subtitle I of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:
Inserted: "SEC. 9512. RAIL TRANSPORTATION TRUST FUND.
Inserted: "(a) Creation of Trust Fund.--There is hereby established in the Treasury of the United States a trust fund to be known as the 'Rail Transportation Trust Fund', consisting of such amounts as may be appropriated or credited to the Rail Transportation Trust Fund in this section or section 9602(b).
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Inserted: "(b) Transfers to Rail Transportation Trust Fund.--There are hereby appropriated to the Rail Transportation Trust Fund amounts equivalent to the taxes received in the Treasury under section 4041(a)(1)(C)(ii)(IV).
Inserted: "(c) Expenditures From Rail Transportation Trust Fund.--Amounts in the Rail Transportation Trust Fund shall be available, as provided in appropriation Acts, only to the Secretary of Transportation for awarding grants to projects under sections 20158, 24407, and 24408 of title 49, United States Code.".
Inserted: (2) Clerical amendment.--The table of sections for subchapter A of chapter 98 of subtitle I of such Code is amended by adding at the end the following new item:
Inserted: "Sec. 9512. Rail Transportation Trust Fund.".
Inserted: (3) Conforming amendment.--Section 20158 of title 49, United States Code, is amended in subsection (c) by striking "$50,000,000 for each of fiscal years 2009 through 2013" and inserting "such sums as may be necessary".
Inserted: (4) Additional amounts.--Any amounts made available pursuant to section 9512(c) of the Internal Revenue Code of 1986 for awarding grants to projects under sections 24407 and 24408 of title 49, United States Code, as added by sections 35302 and 35421 of this Act, shall be in addition to amounts authorized to be appropriated for such grants under section 35102 of this Act.
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Original wording
At the appropriate place, insert the following:
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As printed
SA 2414. Mr. REED (for himself and Mr. Murphy) submitted an amendment intended to be proposed by him to the bill H.R. 22, to amend the Internal Revenue Code of 1986 to exempt employees with health coverage under TRICARE or the Veterans Administration from being taken into account for purposes of determining the employers to which the employer mandate applies under the Patient Protection and Affordable Care Act; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. INCREASE IN DIESEL FUEL TAX FOR TRAINS; RAIL SAFETY TECHNOLOGY GRANTS.
(a) Increase in Diesel Fuel Tax for Trains.--
(1) In general.--Section 4041(a)(1)(C)(ii) of the Internal Revenue Code of 1986 is amended--
(A) in subclause (II), by striking “and” at the end, and
(B) by striking subclause (III) and inserting the following new subclauses:
“(III) 0 cents per gallon after December 31, 2006, and before January 1, 2016, and
“(IV) 4.3 cents per gallon after December 31, 2015.”.
(2) Effective date.--The amendments made by this subsection shall apply to fuel sold or used after December 31, 2015.
(b) Establishment of Rail Transportation Trust Fund.--
(1) In general.--Subchapter A of chapter 98 of subtitle I of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:
“SEC. 9512. RAIL TRANSPORTATION TRUST FUND.
“(a) Creation of Trust Fund.--There is hereby established in the Treasury of the United States a trust fund to be known as the ‘Rail Transportation Trust Fund', consisting of such amounts as may be appropriated or credited to the Rail Transportation Trust Fund in this section or section 9602(b).
“(b) Transfers to Rail Transportation Trust Fund.--There are hereby appropriated to the Rail Transportation Trust Fund amounts equivalent to the taxes received in the Treasury under section 4041(a)(1)(C)(ii)(IV).
“(c) Expenditures From Rail Transportation Trust Fund.--Amounts in the Rail Transportation Trust Fund shall be available, as provided in appropriation Acts, only to the Secretary of Transportation for awarding grants to projects under sections 20158, 24407, and 24408 of title 49, United States Code.”.
(2) Clerical amendment.--The table of sections for subchapter A of chapter 98 of subtitle I of such Code is amended by adding at the end the following new item:
“Sec. 9512. Rail Transportation Trust Fund.”.
(3) Conforming amendment.--Section 20158 of title 49, United States Code, is amended in subsection (c) by striking “$50,000,000 for each of fiscal years 2009 through 2013” and inserting “such sums as may be necessary”.
(4) Additional amounts.--Any amounts made available pursuant to section 9512(c) of the Internal Revenue Code of 1986 for awarding grants to projects under sections 24407 and 24408 of title 49, United States Code, as added by sections 35302 and 35421 of this Act, shall be in addition to amounts authorized to be appropriated for such grants under section 35102 of this Act.
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Senate amendment submitted
July 26, 2015
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Senate amendment submitted
July 26, 2015
Senate amendment submitted
July 26, 2015