Text: H.R.1063 — 109th Congress (2005-2006)All Bill Information (Except Text)

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Introduced in House (03/02/2005)


109th CONGRESS
1st Session
H. R. 1063

To amend the Internal Revenue Code 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.


IN THE HOUSE OF REPRESENTATIVES
March 2, 2005

Mr. Shaw (for himself, Mr. Taylor of Mississippi, Mr. Putnam, Mr. Boswell, Mr. Ryan of Wisconsin, and Mr. Kind) introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code 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 2005”.

SEC. 2. All motor fuel excise taxes attributable to motorboat and small engine fuels available for transfer to Aquatic Resources Trust Fund, etc.

(a) In general.—Paragraph (4) of section 9503(b) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).

(b) Effective date.—The amendment made by subsection (a) shall apply to taxes received in the Treasury after September 30, 2005.