PUBLIC LAW 109–59—AUG. 10, 2005
119 STAT. 1965
‘‘(C) the refunded bond is redeemed not later than 90 days after the date of the issuance of the refunding bond. For purposes of subparagraph (A), average maturity shall be determined in accordance with section 147(b)(2)(A).’’. (c) EXEMPTION FROM GENERAL STATE VOLUME CAPS.—Paragraph (3) of section 146(g) of the Internal Revenue Code of 1986 (relating to exception for certain bonds) is amended by striking ‘‘or (14)’’ and all that follows through the end of the paragraph and inserting ‘‘(14), or (15) of section 142(a), and’’. (d) EFFECTIVE DATE.—The amendments made by this section apply to bonds issued after the date of the enactment of this Act.
26 USC 142 note.
SEC. 11144. TREASURY STUDY OF HIGHWAY FUELS USED BY TRUCKS FOR NON-TRANSPORTATION PURPOSES.
(a) STUDY.—The Secretary of the Treasury shall conduct a study regarding the use of highway motor fuel by trucks that is not used for the propulsion of the vehicle. As part of such study— (1) in the case of vehicles carrying equipment that is unrelated to the transportation function of the vehicle— (A) the Secretary of the Treasury, in consultation with the Secretary of Transportation, and with public notice and comment, shall determine the average annual amount of tax-paid fuel consumed per vehicle, by type of vehicle, used by the propulsion engine to provide the power to operate the equipment attached to the highway vehicle, and (B) the Secretary of the Treasury shall review the technical and administrative feasibility of exempting such nonpropulsive use of highway fuels from the highway motor fuels excise taxes, and, if such exemptions are technically and administratively feasible, shall propose options for implementing such exemptions for— (i) mobile machinery (as defined in section 4053(8) of the Internal Revenue Code of 1986) whose nonpropulsive fuel use exceeds 50 percent, and (ii) any highway vehicle which consumes fuel for both transportation and non-transportation-related equipment, using a single motor, (2) in the case where non-transportation equipment is run by a separate motor— (A) the Secretary of the Treasury shall determine the annual average amount of fuel exempted from tax in the use of such equipment by equipment type, and (B) the Secretary of the Treasury shall review issues of administration and compliance related to the presentlaw exemption provided for such fuel use, and (3) the Secretary of the Treasury shall— (A) estimate the amount of taxable fuel consumed by trucks and the emissions of various pollutants due to the long-term idling of diesel engines, and (B) determine the cost of reducing such long-term idling through the use of plug-ins at truck stops, auxiliary power units, or other technologies.
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