sidered for purposes of such section as having been re-
ceived by such participant.’’.
(4) Subsection (a) of section 643 is amended by
redesignating paragraph (7) as paragraph (8) and
by inserting after paragraph (6) the following new
paragraph:
‘‘(7) DIVIDENDS OR INTEREST.—There shall be
included the amount of any dividends or interest ex-
cluded from gross income pursuant to section 116.’’.
(5) Section 854(a) is amended by inserting
‘‘section 116 (relating to exclusion of dividends and
interest received by individuals) and’’ after ‘‘For
purposes of’’.
(6) Section 857(c) is amended to read as fol-
lows:
‘‘(c) RESTRICTIONS APPLICABLE TO DIVIDENDS RE-
CEIVED FROM REAL ESTATE INVESTMENT TRUSTS.—
‘‘(1) TREATMENT FOR SECTION 116.—For pur-
poses of section 116 (relating to exclusion of divi-
dends and interest received by individuals), a capital
gain dividend (as defined in subsection (b)(3)(C)) re-
ceived from a real estate investment trust which
meets the requirements of this part shall not be con-
sidered as a dividend.
‘‘(2) TREATMENT FOR SECTION 243.—For pur-
poses of section 243 (relating to deductions for divi-
dends received by corporations), a dividend received
from a real estate investment trust which meets the
requirements of this part shall not be considered as
a dividend.’’.
(7) The table of sections for part III of sub-
chapter B of chapter 1 is amended by inserting after
the item relating to section 115 the following new
item:
‘‘Sec. 116. Exclusion of dividends and interest received by individ-
uals.’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years beginning after
December 31, 1999.
SEC. 11. REPEAL OF 1993 INCREASES IN MOTOR FUEL
TAXES.
(a) HIGHWAY GASOLINE.—Clause (i) of section
4081(a)(2)(A) is amended by striking ‘‘18.3 cents’’ and
inserting ‘‘14 cents’’.
(b) AVIATION GASOLINE.—Clause (ii) of section
4081(a)(2)(A) is amended by striking ‘‘19.3 cents’’ and
inserting ‘‘15 cents’’.
(c) DIESEL FUEL AND KEROSENE.—Clause (iii) of
section 4081(a)(2)(A) is amended by striking ‘‘24.3 cents’’
and inserting ‘‘20 cents’’.
(d) AVIATION FUEL.—Paragraph (1) of section
4091(b) is amended by striking ‘‘21.8 cents’’ and inserting
‘‘17.5 cents’’.
(e) FUEL USED ON INLAND WATERWAYS.—
(1) Paragraph (1) of section 4042(b) is amend-
ed by adding ‘‘and’’ at the end of subparagraph (A),
by striking ‘‘, and’’ at the end of subparagraph (B)
and inserting a period, and by striking subparagraph
(C).
(2) Paragraph (2) of section 4042(b) is amend-
ed by striking subparagraph (C).
(f) TECHNICAL AMENDMENTS.—
(1) Clause (ii) of section 4041(a)(1)(C) is
amended by striking subclauses (I), (II), and (III)
and inserting the following new subclauses:
‘‘(I) 4.3 cents per gallon before
the date of the enactment of the Top
Ten Terrible Tax Act of 1999 and be-
fore January 1, 2000, and
‘‘(II) zero after Decenber 31,
1999.’’
(2) Subclause (I) of section 4041(a)(1)(C)(iii)
is amended by striking ‘‘7.3 cents’’ and inserting ‘‘3
cents’’ and by striking ‘‘4.3 cents per gallon’’ and
inserting ‘‘zero’’.
(3) Subsection (a) of section 4041 is amended
by striking paragraph (3).
(4) Paragraph (3) of section 4041(c) is amend-
ed to read as follows:
‘‘(3) TERMINATION.—The rate of the taxes im-
posed by paragraph (1) shall be zero after Sep-
tember 30, 2007.’’
(5) 
Clauses 
(i) 
and 
(ii) 
of 
section
4041(m)(1)(A) are amended to read as follows:
‘‘(i) 7 cents per gallon on and after
the date of the enactment of the Top Ten
Terrible Tax Act of 1999 and before Octo-
ber 1, 2005, and
‘‘(ii) zero after September 30, 2005,
and’’.
(6) Subsection (c) of section 4081 is amended
by striking paragraph (6) and by redesignating
paragraphs (7) and (8) as paragraphs (6) and (7),
respectively.
(7) Paragraphs (1) and (2) of section 4081(d)
are amended to read as follows:
‘‘(1) IN GENERAL.—The rates of tax specified
in clauses (i) and (iii) of subsection (a)(2)(A) shall
be zero after September 30, 2005.