[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2019 Introduced in Senate (IS)]
108th CONGRESS
2d Session
S. 2019
To amend the Internal Revenue Code of 1986 to restore equity and
complete the transfer of motor fuel excise taxes attributable to
motorboat and small engine fuels into the Aquatic Resources Trust Fund,
and for other purposes.
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IN THE SENATE OF THE UNITED STATES
January 22, 2004
Mr. Breaux (for himself and Mr. Lott) introduced the following bill;
which was read twice and referred to the Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to restore equity and
complete the transfer of motor fuel excise taxes attributable to
motorboat and small engine fuels into the Aquatic Resources Trust Fund,
and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Sportfishing and Boating Equity Act
of 2004''.
SEC. 2. ALL MOTOR FUEL EXCISE TAXES ATTRIBUTABLE TO MOTORBOAT AND SMALL
ENGINE FUELS AVAILABLE FOR TRANSFER TO AQUATIC RESOURCES
TRUST FUND.
(a) In General.--Paragraph (4) of section 9503(b) of the Internal
Revenue Code of 1986 is amended by striking subparagraph (D) and by
redesignating subparagraphs (E) and (F) as subparagraphs (D) and (E),
respectively.
(b) Effective Date.--The amendments made by this section shall
apply to taxes received in the Treasury after September 30, 2003.
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