54 U.S.C. § 200310 — Transfers to and from Fund
submitted 12 years ago by Pub. L. 113-287 to r/title-54-NATIONAL-PARK-SERVICE-AND-RELATED-PROGRAMS · 154 words · no verdicts yet
Specified motorboat-fuel-tax amounts must be set aside in the Fund. The Fund must periodically repay the Treasury amounts estimated to equal specified gasoline-tax refunds.
(a) Motorboat Fuel Taxes.— The amounts specified in section 9503(c)(3)(B) of the Internal Revenue Code of 1986 must be set aside in the Fund*.
(b) Refunds of Taxes.— From time to time, the Fund must pay the Treasury’s general fund amounts the Treasury Secretary* estimates equal— (1) amounts paid before October 1, 2029, under section 6421 of that Code for gasoline used after December 31, 1964, in motorboats, based on claims for periods ending before October 1, 2028; and (2) 80 percent of floor-stocks refunds made before October 1, 2029, under section 6412(a)(1) for gasoline to be used in motorboats.
There shall be set aside in the Fund* the amounts specified in section 9503(c)(3)(B) of the Internal Revenue Code of 1986 (26 U.S.C. 9503(c)(3)(B)).
There shall be paid from time to time from the Fund into the general fund of the Treasury amounts estimated by the Secretary* of the Treasury as equivalent to—
the amounts paid before October 1, 2029, under section 6421 of the Internal Revenue Code of 1986 (26 U.S.C. 6421) with respect to gasoline used after December 31, 1964, in motorboats, on the basis of claims filed for periods ending before October 1, 2028; and
80 percent of the floor stocks refunds made before October 1, 2029, under section 6412(a)(1) of the Internal Revenue Code of 1986 (26 U.S.C. 6412(a)(1)) with respect to gasoline to be used in motorboats.
Source credit: (Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3179; Pub. L. 114–94, div. C, title XXXI, § 31102(e)(2)(B), Dec. 4, 2015, 129 Stat. 1728; Pub. L. 117–58, div. H, title I, § 80102(e)(2)(B), Nov. 15, 2021, 135 Stat. 1328.)
- 2014Enacted · Pub. L. 113-287 · 128 Stat. 3179
- 2015Amended · Pub. L. 114-94 · 129 Stat. 1728
- 2021Amended · Pub. L. 117-58 · 135 Stat. 1328
A history note hasn’t been published yet. The record shows enactment by Pub. L. 113-287 on 2014-12-19.
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