Page:United States Statutes at Large Volume 104 Part 2.djvu/890

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104 STAT. 1388-482 PUBLIC LAW 101-508 —NOV. 5, 1990 "(1) subsections (b)(l)(A) and (b)(2)(A) shall be applied by substituting '54 cents' for '60 cents'; "(2) subsection (b)(3) shall be applied by substituting '40 cents' for '45 cents' and '54 cents' for '60 cents'; and "(3) subparagraphs (A) and (B) of subsection (d)(3) shall be applied by substituting '54 cents' for '60 cents' and '40 cents' for '45 cents'." (2) CONFORMING AMENDMENT.— Section 4003) is amended by inserting ", and except as provided in subsection (h)" in the matter preceding paragraph (1) thereof. (f) TERMINATION.— Subsection (e) of section 40 is amended to read as follows: "(e) TERMINATION.— "(1) IN GENERAL.— Th is section shall not apply to any sale or use— "(A) for any period after December 31, 2000, or "(B) for any period before January 1, 2001, during which the Highway Trust Fund financing rate under section 4081(a)(2) is not m effect. "(2) No CARRYOVERS TO CERTAIN YEARS AFTER EXPIRATION. — If this section ceases to apply for any period by reason of paragraph (1), no amount attributable to any sale or use before the first day of such period may be carried under section 39 by reason of this section (treating the amount allowed by reason of this section as the first amount allowed by this subpart) to any taxable year beginning after the 3-taxable-year period beginning with the taxable year in which such first day occurs." (g) CONFORMING AMENDMENTS TO TARIFF SCHEDULE. — (1) Heading 9901.00.50 of the Harmonized Tariff Schedule of the United States (19 U.S.C. 3007) is amended— (A) by striking "15.85<f" each place it appears and inserting "14.27<|;", (B) by striking "12.6$" and inserting "11.34<t", and (C) by striking the date in the effective period column and inserting "Before 10/1/2000, except that the rate for articles described in this heading shall not apply during any period before 10/1/2000 during which the Highway Trust Fund financing rate under section 4081(a)(2) of the Internal Revenue Code of 1986 is not in effect." (2) Heading 9901.00.52 of the Harmonized Tariff Schedule of the United States is amended— (A) by striking "6.66<t" each place it appears and inserting "5.99(t", (B) by striking "5.29<t" and inserting "4.76<f", and (C) by striking "The earlier of 12/31/92, or the date on which Treasury regulation § 1.40-1 is withdrawn or declared invalid." in the effective period column and inserting: "Before the earlier of 10/1/2000, or the date on which Treas. Reg. § 1.40-1 is withdrawn or declared invalid, except that the rate for articles described in this heading shall not apply during any period before 10/1/2000 during which the Highway Trust Fund financing rate under section 4081(a)(2) of the Internal Revenue Code of 1986 is not in effect." 26 USC 40 note. (h) EFFECTIVE DATES. —