112 STAT. 508 PUBLIC LAW 105-178-^JUNE 9, 1998 contained in subparagraphs (A) and (B) of paragraph (2) shall be increased by an amount equal to— "(i) such dollar amount, multiplied by "(ii) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, by substituting 'calendar year 1998' for 'calendar year 1992'. "(B) ROUNDING.—If any increase determined under subparagraph (A) is not a multiple of $5, such increase shall be rounded to the next lowest multiple of $5.". (2) CONFORMING AMENDMENTS.—Section 132(f)(2) is amended— (A) by striking "$60" in subparagraph (A) and inserting "$65", and (B) by striking "$155" in subparagraph (B) and inserting "$175". 26 USC 132 note. (3) EFFECTIVE DATE.—The amendments made by this subsection shall apply to taxable years beginning after December 31, 1998. (c) INCREASE IN MAXIMUM EXCLUSION FOR EMPLOYER-PROVIDED TRANSIT PASSES. — (1) IN GENERAL.— Subparagraph (A) of section 132(f)(2) (relating to limitation on exclusion) is amended by striking "$65" and inserting "$100". (2) NEW BASE PERIOD FOR INFLATION ADJUSTMENT. — Subparagraph (A) of section 132(f)(6) is amended by adding at the end the following flush sentence: "In the case of any taxable year beginning in a calendar year after 2002, clause (ii) shall be applied by substituting 'calendar year 2001' for 'calendar year 1998' for purposes of adjusting the dollar amount contained in paragraph (2)(A). ". 26 USC 132 note. (3) EFFECTIVE DATE. — The amendments made by this subsection shall apply to taxable years beginning after December 31, 2001. SEC. 9011. REPEAL OF NATIONAL RECREATIONAL TRAILS TRUST FUND. (a) IN GENERAL. — Section 9511 (relating to National Recreational Trails Trust Fund) is repealed. (b) CONFORMING AMENDMENTS. — (1) Section 9503(c) is amended by striking paragraph (6). (2) Subparagraph (D) of section 9503(b)(4) is amended to read as follows: "(D) in the case of gasoline and special motor fuels used as described in paragraph (4)(D) or (5)(B) of subsection (c), section 4041 or 4081 with respect to so much of the rate of tax as exceeds 11.5 cents per gallon,". (3) The table of sections for subchapter A of chapter 98 is amended by striking the item relating to section 9511.
�
