Explanation of revenue title ("Highway Revenue Act of 1987") to S. 387, a bill extending highway trust fund authorizations: as approved by the Committee on Finance, Volume 4
U.S. G.P.O., 1987 - Transportation - 12 pages
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99th Congress amended by striking anti-deficit provision appears and inserting Application of heavy Assistance Act authority to spend BUDGET EFFECTS cents per gallon Committee on Finance current highway excise expire after September EXTENSION OF HIGHWAY Federal-Aid Highway Act fiscal five-year extension four-year extension fuel tax fund authorization purposes Fund excise taxes Fund Expenditure Authority Fund expenditure programs heavy highway vehi heavy trucks heavy vehicle Highway Account highway excise taxes Highway Trust Fund highway use tax highway-related excise taxes inserting in lieu Internal Revenue Code June 30 lieu thereof 1992 limited reciprocity agreement Mass Transit Account operators originating place it appears present-law Highway Trust provides a four-year registered relating to tax Revenue Act scheduled to expire Section September 30 striking out 1988 subpara tax is imposed tax on heavy tax to operators Taxes Through September tember 30 Trust Fund authorizations Trust Fund excise Trust Fund expenditure Trust Fund statute vehicle use tax