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[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3864 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 3864

   To amend the Internal Revenue Code of 1986 to extend authorities 
  relating to the Highway Trust Fund, to provide revenues for highway 
                   programs, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            February 1, 2012

   Mr. Camp introduced the following bill; which was referred to the 
   Committee on Ways and Means, and in addition to the Committee on 
  Transportation and Infrastructure, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL

 
   To amend the Internal Revenue Code of 1986 to extend authorities 
  relating to the Highway Trust Fund, to provide revenues for highway 
                   programs, 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 ``American Energy and Infrastructure 
Jobs Financing Act of 2012''.

SEC. 2. EXTENSION OF TRUST FUND EXPENDITURE AUTHORITY.

    (a) Highway Trust Fund.--Section 9503 of the Internal Revenue Code 
of 1986 is amended--
            (1) by striking ``April 1, 2012'' in subsections (b)(6)(B), 
        (c)(1), and (e)(3) and inserting ``October 1, 2016''; and
            (2) by striking ``Surface Transportation Extension Act of 
        2011, Part II'' in subsections (c)(1) and (e)(3) and inserting 
        ``American Energy and Infrastructure Jobs Act of 2012''.
    (b) Sport Fish Restoration and Boating Trust Fund.--Section 9504 of 
such Code is amended--
            (1) by striking ``Surface Transportation Extension Act of 
        2011, Part II'' each place it appears in subsection (b)(2) and 
        inserting ``American Energy and Infrastructure Jobs Act of 
        2012''; and
            (2) by striking ``April 1, 2012'' in subsection (d)(2) and 
        inserting ``October 1, 2016''.
    (c) Leaking Underground Storage Tank Trust Fund.--Paragraph (2) of 
section 9508(e) of such Code is amended by striking ``April 1, 2012'' 
and inserting ``October 1, 2016''.
    (d) Effective Date.--The amendments made by this section shall take 
effect on April 1, 2012.

SEC. 3. EXTENSION OF HIGHWAY-RELATED TAXES.

    (a) In General.--
            (1) Each of the following provisions of the Internal 
        Revenue Code of 1986 is amended by striking ``March 31, 2012'' 
        and inserting ``September 30, 2018'':
                    (A) Section 4041(a)(1)(C)(iii)(I).
                    (B) Section 4041(m)(1)(B).
                    (C) Section 4081(d)(1).
            (2) Each of the following provisions of such Code is 
        amended by striking ``April 1, 2012'' and inserting ``October 
        1, 2018'':
                    (A) Section 4041(m)(1)(A).
                    (B) Section 4051(c).
                    (C) Section 4071(d).
                    (D) Section 4081(d)(3).
    (b) Extension of Tax, Etc., on Use of Certain Heavy Vehicles.--
            (1) In general.--Subsection (f) of section 4481 of such 
        Code is amended by striking ``2012'' and inserting ``2018''.
            (2) Taxable period conformed to fiscal year.--Section 4482 
        of such Code is amended--
                    (A) by striking ``any year'' and all that follows 
                in subsection (c)(4) and inserting ``each annual period 
                beginning on October 1 which begins before October 1, 
                2019.'', and
                    (B) by striking subsection (d).
    (c) Floor Stocks Refunds.--Section 6412(a)(1) of such Code is 
amended--
            (1) by striking ``April 1, 2012'' each place it appears and 
        inserting ``October 1, 2018'';
            (2) by striking ``September 30, 2012'' each place it 
        appears and inserting ``September 30, 2018''; and
            (3) by striking ``July 1, 2012'' and inserting ``January 1, 
        2019''.
    (d) Extension of Certain Exemptions.--Sections 4221(a) and 4483(i) 
of such Code are each amended by striking ``April 1, 2012'' and 
inserting ``October 1, 2018''.
    (e) Extension of Transfers of Certain Taxes.--
            (1) In general.--Section 9503 of such Code is amended--
                    (A) in subsection (b)--
                            (i) by striking ``April 1, 2012'' each 
                        place it appears in paragraphs (1) and (2) and 
                        inserting ``October 1, 2018'';
                            (ii) by striking ``April 1, 2012'' in the 
                        heading of paragraph (2) and inserting 
                        ``October 1, 2018'';
                            (iii) by striking ``March 31, 2012'' in 
                        paragraph (2) and inserting ``September 30, 
                        2018''; and
                            (iv) by striking ``January 1, 2013'' in 
                        paragraph (2) and inserting ``July 1, 2019''; 
                        and
                    (B) in subsection (c)(2), by striking ``January 1, 
                2013'' and inserting ``July 1, 2019''.
            (2) Motorboat and small-engine fuel tax transfers.--
                    (A) In general.--Paragraphs (3)(A)(i) and (4)(A) of 
                section 9503(c) of such Code are each amended by 
                striking ``April 1, 2012'' and inserting ``October 1, 
                2018''.
                    (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 ``April 1, 2013'' each 
                        place it appears and inserting ``October 1, 
                        2019''; and
                            (ii) by striking ``April 1, 2012'' and 
                        inserting ``October 1, 2018''.
    (f) Effective Date.--
            (1) In general.--Except as provided in paragraph (2), the 
        amendments made by this section shall take effect on April 1, 
        2012.
            (2) Subsection (b)(2).--The amendment made by subsection 
        (b)(2) shall apply to periods beginning after September 30, 
        2012.

SEC. 4. REVENUES FROM CERTAIN DOMESTIC ENERGY LEASES APPROPRIATED TO 
              HIGHWAY TRUST FUND.

    (a) In General.--Subsection (b) of section 9503 of the Internal 
Revenue Code of 1986 is amended by inserting after paragraph (2) the 
following new paragraph:
            ``(3) Revenues from certain domestic energy leases.--There 
        are hereby appropriated to the Highway Trust Fund amounts 
        equivalent to the net increase in Federal revenues from onshore 
        and offshore domestic energy leasing and production generated 
        by reason of the enactment of the Alaskan Energy for American 
        Jobs Act, the PIONEERS Act, and the Energy Security and 
        Transportation Jobs Act.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to amounts received in the Treasury after the date of the 
enactment of this Act.

SEC. 5. ALTERNATIVE TRANSPORTATION ACCOUNT.

    (a) Termination of Funding From Fuels Tax Receipts; One-Time 
Appropriation.--Paragraph (2) of section 9503(e) of the Internal 
Revenue Code of 1986 is amended to read as follows:
            ``(2) Appropriation.--
                    ``(A) In general.--Out of money in the Treasury not 
                otherwise appropriated, there is hereby appropriated 
                $40,000,000,000 to the Alternative Transportation 
                Account. Any amount appropriated under this paragraph 
                shall remain available without fiscal year limitation.
                    ``(B) Transfer to highway account of 2012 
                appropriated amounts based on fuels tax receipts.--
                Amounts transferred on or before the date of the 
                enactment of this paragraph to the Mass Transit Account 
                in the Highway Trust Fund for fiscal year 2012 are 
                hereby transferred to the Highway Account of the 
                Highway Trust Fund (as defined in paragraph (5)(B)).''.
    (b) Renaming of Mass Transit Account.--
            (1) In general.--The text of subsection (e) of section 9503 
        of the Internal Revenue Code of 1986 is amended by striking 
        ``Mass Transit Account'' each place it appears and inserting 
        ``Alternative Transportation Account''.
            (2) Conforming amendment.--The heading for subsection (e) 
        of section 9503 of such Code is amended by striking ``Mass 
        Transit Account'' and inserting ``Alternative Transportation 
        Account''.
                                 <all>
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