(B) by striking ‘‘September 30, 1999’’ in
clause (ii)(III) and inserting September 30,
2001’’; and
(C) by striking ‘‘7.3 cents per gallon (4.3
cents per gallon after September 30, 1999)’’ in
clause (iii)(I) and inserting ‘‘6.3 cents per gal-
lon (4.3 cents per gallon after September 30,
2001)’’.
(2) Section 4081(d)(1) of such Code is amend-
ed by striking ‘‘October 1, 1999’’ and inserting ‘‘Oc-
tober 1, 2001’’.
(3) Section 6421(e)(2)(B)(iv) of such Code is
amended—
(A) by striking ‘‘January 1, 2000’’ in sub-
clause (I) and inserting ‘‘October 1, 2001’’; and
(B) by striking ‘‘December 31, 1999’’ in
subclause (II) and inserting ‘‘September 30,
2001’’.
(4) Section 6421(f)(3)(B) of such Code is
amended—
(A) by striking ‘‘October 1, 1999’’ in
clause (ii) and inserting October 1, 2001’’; and
(B) by striking ‘‘September 30, 1999’’ in
clause (iii) and inserting September 30, 2001’’.
(5) Section 6427(b)(2)(A) of such Code is
amended by striking ‘‘7.4 cents’’ and inserting ‘‘1.9
cents’’.
(6) Section 6427(l)(3)(B) of such Code is
amended—
(A) by striking ‘‘October 1, 1999’’ in
clause (ii) and inserting October 1, 2001’’; and
(B) by striking ‘‘September 30, 1999’’ in
clause (iii) and inserting September 30, 2001’’.
(7) Subsection (b) of section 9503 of such Code
is amended—
(A) by striking ‘‘October 1, 1999’’ both
places it appears in paragraphs (1) and (2) and
inserting ‘‘October 1, 2001’’;
(B) by striking ‘‘OCTOBER 1, 1999’’ in the
heading of paragraph (2) and inserting ‘‘OCTO-
BER 1, 2001’’;
(C) by striking ‘‘after September 30, 1999,
and before July 1, 2000’’ in paragraph (2) and
inserting ‘‘after September 30, 2001, and be-
fore July 1, 2002’’; and
(D) by inserting ‘‘before October 1, 1999,’’
after ‘‘paragraph (1)’’ in paragraph (5).
(e) FLOOR STOCK REFUNDS.—
(1) IN GENERAL.—If—
(A) before October 1, 1999, tax has been
imposed under section 4081 of the Internal
Revenue Code of 1986 on any liquid; and
(B) on such date such liquid is held by a
dealer and has not been used and is intended
for sale;
there shall be credited or refunded (without interest)
to the person who paid such tax (in this subsection
referred to as the ‘‘taxpayer’’) an amount equal to
the excess of the tax paid by the taxpayer over the
amount of such tax which would be imposed on such
liquid had the taxable event occurred on such date.
(2) TIME FOR FILING CLAIMS.—No credit or re-
fund shall be allowed or made under this subsection
unless—
(A) claim therefor is filed with the Sec-
retary of the Treasury before April 1, 2000;
and
(B) in any case where liquid is held by a
dealer (other than the taxpayer) on October 1,
1999—
(i) the dealer submits a request for re-
fund or credit to the taxpayer before Janu-
ary 1, 2000; and
(ii) the taxpayer has repaid or agreed
to repay the amount so claimed to such
dealer or has obtained the written consent
of such dealer to the allowance of the cred-
it or the making of the refund.
(3) EXCEPTION
FOR
FUEL
HELD
IN
RETAIL
STOCKS.—No credit or refund shall be allowed under
this subsection with respect to any liquid in retail
stocks held at the place where intended to be sold
at retail.
(4) DEFINITIONS.—For purposes of this sub-
section, the terms ‘‘dealer’’ and ‘‘held by a dealer’’
have the respective meanings given to such terms by
section 6412 of such Code; except that the term
‘‘dealer’’ includes a producer.
(5) CERTAIN RULES TO APPLY.—Rules similar
to the rules of subsections (b) and (c) of section
6412 and sections 6206 and 6675 of such Code shall
apply for purposes of this subsection.
(f) EFFECTIVE DATE.—The amendments made by
this section shall apply to fuel removed after September
30, 1999.
SEC. 9. REPORT TO CONGRESS.
Not later than 180 days after the date of enactment
of this Act, after consultation with the appropriate com-
mittees of Congress, the Secretary of Transportation shall
submit a report to Congress describing technical and con-
forming amendments to titles 23 and 49, United States
Code, and other laws that are appropriate in light of the
amendments made by this Act.
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