US Codex
Bill
Notes

To revise the Inland Waterways Trust Fund financing rate.

S. 2955 · 113th Congress · Nov 20, 2014 · Lineage

A BILL

Section 1 Revision to the Inland Waterways Trust Fund financing rate

(a)
In general— Subparagraph (A) of section 4042(b)(2) of the Internal Revenue Code of 1986 is amended to read as follows:

“(A) The Inland Waterways Trust Fund financing rate is 29 cents per gallon.”

(b)
Effective date— The amendment made by this section shall apply to uses during calendar quarters beginning more than 60 days after the date of the enactment of this Act.