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PUBLIC LAW 100-647—NOV. 10, 1988
102 STAT. 3595
(2) Paragraph (3) of section 4041(c) of the 1986 Code is amended by striking out "the rate at which" and inserting in lieu thereof "the Highway Trust Fund financing rate at which". (3)(A) Subparagraph (A) of section 4041(b)(l) of the 1986 Code is amended by striking out "subsection (a)" and inserting in lieu thereof "subsection (a) or (d)(D". (B) Subparagraph (B) of section 4041(b)(l) of the 1986 Code is amended by inserting before the period "and by the corresponding provision of subsection (d)(D". (Q Subsection 0>) of section 4041 of the 1986 Code is amended by striking out paragraph (3). (D) Subparagraph (A) of section 4041(b)(2) of the 1986 Code is amended to r c ^ as follows: "(A) IN GENERAL.—In the case of any qualified methanol or ethanol fuel— "(i) subsection (a)(2) shall be applied by substituting
- 3 cents' for *9 cents', and
"(ii) subsection (d)(1) shall be applied by substituting '0.05 cent' for '0.1 cent' with respect to the sales and uses to which clause (i) applies." (E) Subsection (f) of section 6421 of the 1986 Code is amended by striking out all that follows paragraph (1) and inserting in lieu thereof the follovdng new paragraphs: "(2) GASOLINE USED IN AVIATION.—This section shall not apply
in respect of gasoline which is used as a fuel in an aircraft— "(A) in noncommercial aviation (as defined in section 4041(c)(4)), or "(B) in aviation which is not noncommercial aviation (as so defined) with respect to the tax imposed by section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate. "(3) LEAKING UNDERGROUND STORAGE TANK TRUST FUND TAX ON GASOLINE USED IN TRAINS.—This section shall not apply with
respect to the tax imposed by section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate on gasoline used as a fiiel in a train." (F) The second sentence of section 6421(a) of the 1986 Code is amended by striking out "paragraph (3) of subsection (e)" and inserting in lieu thereof "paragraph (2) of subsection (0". (4)(A) Paragraph (1) of section 1703(f) of the Reform Act (relating to floor stock taxes) is amended by striking out "9 26 USC 4081 note. cents" and insertii^ in lieu thereof "9.1 cents". (B) Paragraph (4) of section 1703(f) of the Reform Act is amended to read as ifbllows: "(4) TRANSFER OF FLOOR STOCK TAX REVENUES TO TRUST
FUNDS,—For purposes of determining the amount transferred to any trust fund, the tax imposed by this section shall be treated as imposed by section 4081 of the Internal Revenue Ciode of 1986— "(A) at the Highway Trust Fund financing rate under such section to the extent of 9 cents per gallon, and "(B) at the Leaking Underground Storage Tank Trust Fund financing rate under such section to the extent of 0.1 cent per gallon." (5)(A) Paragraph (1) of section 4081(c) of the 1986 Code, as amended by section 1703 of the Reform Act, is amended by
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