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the tax imposed by paragraph (1) applies shall
be liable for such tax.
(B) METHOD OF PAYMENT.—The tax im-
posed by paragraph (1) shall be paid in such
manner as the Secretary shall prescribe.
(C) TIME
FOR
PAYMENT.—The tax im-
posed by paragraph (1) shall be paid on or be-
fore April 30, 1998.
(3) DEFINITIONS.—For purposes of this sub-
section—
(A) HELD
BY
A
PERSON.—Aviation fuel
shall be considered as ‘‘held by a person’’ if
title thereto has passed to such person (whether
or not delivery to the person has been made).
(B) COMMERCIAL
AVIATION
FUEL.—The
term ‘‘commercial aviation fuel’’ means aviation
fuel (as defined in section 4093 of such Code)
which is held on October 1, 1997, for sale or
use in commercial aviation (as defined in sec-
tion 4092(b) of such Code).
(C) SECRETARY.—The term ‘‘Secretary’’
means the Secretary of the Treasury or his del-
egate.
(4) EXCEPTION FOR EXEMPT USES.—The tax
imposed by paragraph (1) shall not apply to aviation
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fuel held by any person exclusively for any use for
which a credit or refund of the entire tax imposed
by section 4091 of such Code (other than the rate
imposed by section 4091(b)(2) of such Code) is al-
lowable for aviation fuel so used.
(5) EXCEPTION
FOR
CERTAIN
AMOUNTS
OF
FUEL.—
(A) IN
GENERAL.—No tax shall be im-
posed by paragraph (1) on aviation fuel held on
October 1, 1997, by any person if the aggregate
amount of commercial aviation fuel held by
such person on such date does not exceed 2,000
gallons. The preceding sentence shall apply only
if such person submits to the Secretary (at the
time and in the manner required by the Sec-
retary) such information as the Secretary shall
require for purposes of this paragraph.
(B) EXEMPT FUEL.—For purposes of sub-
paragraph (A), there shall not be taken into ac-
count fuel held by any person which is exempt
from the tax imposed by paragraph (1) by rea-
son of paragraph (4).
(C) CONTROLLED GROUPS.—For purposes
of this paragraph—
(i) CORPORATIONS.—
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(I) IN
GENERAL.—All persons
treated as a controlled group shall be
treated as 1 person.
(II) CONTROLLED
GROUP.—The
term ‘‘controlled group’’ has the
meaning given to such term by sub-
section (a) of section 1563 of such
Code; except that for such purposes
the phrase ‘‘more than 50 percent’’
shall be substituted for the phrase ‘‘at
least 80 percent’’ each place it ap-
pears in such subsection.
(ii) 
NONINCORPORATED
PERSONS
UNDER COMMON CONTROL.—Under regula-
tions prescribed by the Secretary, prin-
ciples similar to the principles of clause (i)
shall apply to a group of persons under
common control where 1 or more of such
persons is not a corporation.
(6) OTHER LAWS APPLICABLE.—All provisions
of law, including penalties, applicable with respect to
the taxes imposed by section 4091 of such Code
shall, insofar as applicable and not inconsistent with
the provisions of this subsection, apply with respect
to the floor stock taxes imposed by paragraph (1) to
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the same extent as if such taxes were imposed by
such section 4091.
(f) STUDY.—The Secretary of the Treasury or his
delegate shall, in consultation with the Secretary of Trans-
portation, conduct a study of the Federal excise tax bur-
dens on each of the various modes of transportation and
the benefits provided to each such mode from revenues
derived from such excise taxes. The results of such study
shall be submitted not later than June 30, 1996, to the
Committee on Ways and Means of the House of Rep-
resentatives and the Committee on Finance of the Senate.
PART IV—EXTENSION OF AIRPORT AND AIRWAY
TRUST FUND EXCISE TAXES
SEC. 13116. EXTENSION OF AIRPORT AND AIRWAY TRUST
FUND EXCISE TAXES.
(a) FUEL TAX.—
(1) Subparagraph (A) of section 4091(b)(3) is
amended by striking ‘‘January 1, 1996’’ and insert-
ing ‘‘October 1, 1996’’.
(2) Paragraph (2) of section 4081(d), as
amended by section 14721 of this Act, is amended
by striking ‘‘January 1, 1996’’ and inserting ‘‘Octo-
ber 1, 1996’’.
706
(b) TICKET TAXES.—Sections 4261(g) and 4271(d)
are each amended by striking ‘‘January 1, 1996’’ and in-
serting ‘‘October 1, 1996’’.
(c) TRANSFER
TO AIRPORT
AND AIRWAY TRUST
FUND.—
(1) Subsection (b) of section 9502 is amended
by striking ‘‘January 1, 1996’’ each place it appears
and inserting ‘‘October 1, 1996’’.
(2) Paragraph (3) of section 9502(f) is amend-
ed by striking ‘‘December 31, 1995’’ and inserting
‘‘September 30, 1996’’.
Subtitle B—Medical Savings
Accounts
SEC. 13201. MEDICAL SAVINGS ACCOUNTS.
(a) IN GENERAL.—Part VII of subchapter B of chap-
ter 1 (relating to additional itemized deductions for indi-
viduals) is amended by redesignating section 220 as sec-
tion 221 and by inserting after section 219 the following
new section:
‘‘SEC. 220. MEDICAL SAVINGS ACCOUNTS.
‘‘(a) DEDUCTION ALLOWED.—In the case of an indi-
vidual who is an eligible individual for any month during
the taxable year, there shall be allowed as a deduction for
the taxable year an amount equal to the aggregate amount
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paid in cash during such taxable year by such individual
to a medical savings account of such individual.
‘‘(b) LIMITATIONS.—
‘‘(1) IN GENERAL.—Except as otherwise pro-
vided in this subsection, the amount allowable as a
deduction under subsection (a) to an individual for
the taxable year shall not exceed the lesser of—
‘‘(A) $2,500, or
‘‘(B) the deductible under the catastrophic
health plan covering such individual.
If the catastrophic health plan covering such individ-
ual provides coverage for any other eligible individ-
ual who is the spouse or any dependent (as defined
in section 152) of the taxpayer, subparagraph (A)
shall be applied by substituting ‘$5,000’ for
‘$2,500’. The preceding sentence shall not apply if
the spouse or any dependent (as so defined) of such
individual is covered under any other catastrophic
health plan.
‘‘(2) SPECIAL
RULE
FOR
MARRIED
INDIVID-
UALS.—
‘‘(A) IN GENERAL.—This subsection shall
be applied separately for each married individ-
ual.