To amend the Internal Revenue Code of 1986 to provide for the extension of highway-related taxes and trust funds, and for other purposes.

Summary: Highway Reauthorization Tax Act of 2005 - (Sec. 2) Amends the Internal Revenue Code to extend through FY 2011 excise tax provisions relating to: (1) certain buses; (2) special motor fuels; (3) certain alcohol fuels; (4) heavy trucks and trailers; (5) tires; (6) gasoline, diesel fuel, and kerosene; (7) heavy vehicles; (8) taxable periods for highway motor vehicles; and (9) floor stock refunds.

Extends through FY 2011: (1) fuel excise tax exemptions for certain tax-free sales and for the highway use tax; (2) authority for transfers of fuel excise tax revenues to the Highway Trust Fund; and (3) authority for transfers from the Highway Trust Fund to the Boat Safety Account to equal motorboat fuel taxes and small-engine fuel taxes collected during a specified period.

Extends through FY 2009 authority for expenditures from the Highway Trust Fund and the Mass Transit Account for certain Federal-aid highway programs. Extends through FY 2009 authority for expenditures from the the Boat Safety Account and for limitations on transfers to the Aquatic Resources Trust Fund.

(Sec. 3) Eliminates certain refund provisions relating to reductions in tax rates for alcohol fuels and taxable fuels enacted by the American Jobs Creation Act of 2004.

Terminates the 21.8 cents per gallon tax rate for aviation jet fuel after September 30, 2007, reducing such rate to 4.3 cents per gallon. Requires users of aviation jet fuel to register with the Internal Revenue Service to qualify for reduced tax rates.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Highway Reauthorization Tax Act of 
2005''.

SEC. 2. EXTENSION OF HIGHWAY-RELATED TAXES AND TRUST FUNDS.

    (a) Extension of Taxes.--
            (1) In general.--The following provisions of the Internal 
        Revenue Code of 1986 are each amended by striking ``2005'' each 
        place it appears and inserting ``2011'':
                    (A) Section 4041(a)(1)(C)(iii)(I) (relating to rate 
                of tax on certain buses).
                    (B) Section 4041(a)(2)(B) (relating to rate of tax 
                on special motor fuels).
                    (C) Section 4041(m)(1) (relating to certain alcohol 
                fuels).
                    (D) Section 4051(c) (relating to termination of tax 
                on heavy trucks and trailers).
                    (E) Section 4071(d) (relating to termination of tax 
                on tires).
                    (F) Section 4081(d)(1) (relating to termination of 
                tax on gasoline, diesel fuel, and kerosene).
                    (G) Section 4481(f) (relating to period tax in 
                effect).
                    (H) Section 4482(c)(4) (relating to taxable 
                period).
                    (I) Section 4482(d) (relating to special rule for 
                taxable period in which termination date occurs).
            (2) Floor stocks refunds.--Section 6412(a)(1) of such Code 
        (relating to floor stocks refunds) is amended--
                    (A) by striking ``2005'' each place it appears and 
                inserting ``2011'', and
                    (B) by striking ``2006'' each place it appears and 
                inserting ``2012''.
    (b) Extension of Certain Exemptions.--The following provisions of 
such Code are each amended by striking ``2005'' and inserting ``2011'':
            (1) Section 4221(a) (relating to certain tax-free sales).
            (2) Section 4483(h) (relating to termination of exemptions 
        for highway use tax).
    (c) Extension of Deposits Into Trust Funds.--
            (1) In general.--Paragraphs (1) and (2) of subsection (b), 
        and paragraphs (2) and (3) of subsection (c), of section 9503 
        of such Code (relating to the Highway Trust Fund) are each 
        amended--
                    (A) by striking ``2005'' each place it appears and 
                inserting ``2011'', and
                    (B) by striking ``2006'' each place it appears and 
                inserting ``2012''.
            (2) Motorboat and small-engine fuel tax transfers.--
                    (A) In general.--Paragraphs (4)(A)(i) and (5)(A) of 
                section 9503(c) of such Code are each amended by 
                striking ``2005'' and inserting ``2011''.
                    (B) Conforming amendments to land and water 
                conservation fund.--Section 201(b) of the Land and 
                Water Conservation Fund Act of 1965 (16 U.S.C. 460l-
                11(b)) is amended--
                            (i) by striking ``2003'' and inserting 
                        ``2009'', and
                            (ii) by striking ``2004'' each place it 
                        appears and inserting ``2010''.
    (d) Extension and Expansion of Expenditures From Trust Funds.--
            (1) Highway trust fund.--
                    (A) Highway account.--Paragraph (1) of section 
                9503(c) of such Code is amended--
                            (i) in the matter before subparagraph (A), 
                        by striking ``June 1, 2005'' and inserting 
                        ``October 1, 2009'',
                            (ii) by striking ``or'' at the end of 
                        subparagraph (J),
                            (iii) by striking the period at the end of 
                        subparagraph (K) and inserting ``, or'',
                            (iv) by inserting after subparagraph (K) 
                        the following new subparagraph:
                    ``(L) authorized to be paid out of the Highway 
                Trust Fund under the Transportation Equity Act: A 
                Legacy for Users.'', and
                            (v) in the matter after subparagraph (L), 
                        as added by clause (iv), by striking ``Surface 
                        Transportation Extension Act of 2004, Part V'' 
                        and inserting ``Transportation Equity Act: A 
                        Legacy for Users''.
                    (B) Mass transit account.--Paragraph (3) of section 
                9503(e) of such Code is amended--
                            (i) in the matter before subparagraph (A), 
                        by striking ``June 1, 2005'' and inserting 
                        ``October 1, 2009'',
                            (ii) by striking ``or'' at the end of 
                        subparagraph (H),
                            (iii) by inserting ``or'' at the end of 
                        subparagraph (I),
                            (iv) by inserting after subparagraph (I) 
                        the following new subparagraph:
                    ``(J) Transportation Equity Act: A Legacy for 
                Users,'', and
                            (v) in the matter after subparagraph (J), 
                        as added by clause (iv), by striking ``Surface 
                        Transportation Extension Act of 2004, Part V'' 
                        and inserting ``Transportation Equity Act: A 
                        Legacy for Users''.
                    (C) Exception to limitation on transfers.--
                Subparagraph (B) of section 9503(b)(6) of such Code is 
                amended by striking ``June 1, 2005'' and inserting 
                ``October 1, 2009''.
            (2) Aquatic resources trust fund.--
                    (A) Sport fish restoration account.--Paragraph (2) 
                of section 9504(b) of such Code is amended by striking 
                ``Surface Transportation Extension Act of 2004, Part 
                V'' each place it appears and inserting 
                ``Transportation Equity Act: A Legacy for Users'' .
                    (B) Boat safety account.--Subsection (c) of section 
                9504 of such Code is amended--
                            (i) by striking ``June 1, 2005'' and 
                        inserting ``October 1, 2009'', and
                            (ii) by striking ``Surface Transportation 
                        Extension Act of 2004, Part V'' and inserting 
                        ``Transportation Equity Act: A Legacy for 
                        Users'' .
                    (C) Exception to limitation on transfers.--
                Paragraph (2) of section 9504(d) of such Code is 
                amended by striking ``June 1, 2005'' and inserting 
                ``October 1, 2009''.
    (e) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 3. TECHNICAL CORRECTIONS REGARDING HIGHWAY-RELATED TAXES.

    (a) Amendments Related to Section 301 of the American Jobs Creation 
Act of 2004.--Section 6427 of such Code is amended--
            (1) by striking subsection (f), and
            (2) by striking subsection (o) and redesignating subsection 
        (p) as subsection (o).
    (b) Amendments Related to Section 853 of the American Jobs Creation 
Act of 2004.--
            (1) Subparagraph (C) of section 4081(a)(2) of the Internal 
        Revenue Code of 1986 is amended by striking ``for use in 
        commercial aviation'' and inserting ``for use in commercial 
        aviation by a person registered for such use under section 
        4101''.
            (2) So much of paragraph (2) of section 4081(d) of such 
        Code as precedes subparagraph (A) is amended to read as 
        follows:
            ``(2) Aviation fuels.--The rates of tax specified in 
        clauses (ii) and (iv) of subsection (a)(2)(A) shall be 4.3 
        cents per gallon--''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the provisions of the American Jobs Creation 
Act of 2004 to which they relate.