‘‘(2) AVIATION
GASOLINE.—The rate of tax
specified in subsection (a)(2)(A)(ii) shall be zero
after September 30, 2007.
(8) Subparagraph (A) of section 4091(b)(3) is
amended to read as follows:
‘‘(A) The rate of tax specified in para-
graph (1) shall be zero after September 30,
2007.’’
(9) 
Subsection 
(c) 
of 
section 
4091 
is
amended—
(A) by striking ‘‘13.4 cents’’ each place it
appears in paragraph (1) and inserting ‘‘9.1
cents’’,
(B) by striking ‘‘14 cents’’ in paragraph
(1) and inserting ‘‘9.7 cents’’,
(C) by striking paragraph (4), and
(D) by redesignating paragraph (5) as
paragraph (4).
(10) Subsection (b) of section 4092 is amended
by striking ‘‘attributable to’’ and all that follows
through ‘‘section 4041(c)(4)).’’ and inserting ‘‘at-
tributable to the Leaking Underground Storage
Tank Trust Fund financing rate imposed by such
section. For purposes of the preceding sentence, the
term ‘commercial aviation’ means any use of an air-
craft other than in noncommercial aviation (as de-
fined in section 4041(c)(4)).’’
(11) Subparagraph (B) of section 6421(f)(2) is
amended by striking ‘‘and,’’ and all that follows to
the period.
(12) Subsection (f) of section 6421 is hereby
repealed.
(13) Subparagraph (A) of section 6427(b)(2) is
amended by striking ‘‘7.4 cents’’ and inserting ‘‘3.1
cents’’.
(14) Paragraph (3) of section 6427(l) is amend-
ed to read as follows:
‘‘(3) REFUND
OF
CERTAIN
TAXES
ON
FUEL
USED IN DIESEL-POWERED TRAINS.—For purposes
of this subsection, the term ‘nontaxable use’ includes
fuel used in a diesel-powered train.’’
(15) Paragraph (4) of section 6427(l) is amend-
ed by striking ‘‘attributable to’’ and all that follows
through the period and inserting ‘‘attributable to the
Leaking Underground Storage Tank Trust Fund fi-
nancing rate imposed by such section.’’
(16) Paragraph (2) of section 9502(f) is
amended by striking ‘‘is the excess of’’ and all that
follows and inserting ‘‘is the rate of tax determined
under such section.’’
(g) EFFECTIVE DATE.—The amendments made by
this section shall take effect on January 1, 2000.
(h) FLOOR STOCK REFUNDS.—
(1) IN GENERAL.—If—
(A) before January 1, 2000, tax has been
imposed under section 4081 or 4091 of the In-
ternal 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 (hereafter 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 July 1, 2000,
based on a request submitted to the taxpayer
before April 1, 2000, by the dealer who held the
liquid on such date of enactment, and
(B) 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 credit 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.
(5) CERTAIN RULES TO APPLY.—Rules similar
to the rules of subsections (b) and (c) of section
6412 of such Code shall apply for purposes of this
subsection.
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