PUBLIC LAW 97-119—DEC. 29, 1981
95 STAT. 1635
Public Law 97-119 97th Congress An Act To amend the Internal Revenue Code of 1954 to provide a temporary increase in the tax imposed on producers of coal, and for other purposes.
Dec. 29, 1981 [H.R. 5159]
Be in enacted by the Senate and House of Representatives of the United States of America in Congress assembled, internal
TITLE I—AMENDMENTS TO THE INTERNAL REVENUE CODE OF 1954 Subtitle A—Black Lung BeneHts Revenue Provisions SEC. 101. SHORT TITLE; AMENDMENT OF 1954 CODE. (a) SHORT TITLE.—This subtitle may be cited as
Revenue Code of 1954, amendment.
Black Lung Benefits
^gY""^ ^^ °^ ^ '
the "Black Lung 26 USC i note.
Benefits Revenue Act of 1981". (b) AMENDMENT OP 1954 C!ODE.—Except as otherwise expressly provided, whenever in this subtitle or subtitle B an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1954. SEC. 102. TEMPORARY INCREASE IN AMOUNT OF TAX. (a) GENERAL RULE.—Section 4121 (relating to tax on coal) is 26 USC 4i2i. amended by adding at the end thereof the following new subsection: "(e) TEMPORARY INCREASE IN AMOUNT OP TAX.—
"(1) IN GENERAL.—Effective with respect to sales after December 31, 1981, and before the temporary increase termination date— "(A) subsection (a) shall be applied— "(i) by substituting *$1' for '50 cents', and "(ii) by substituting *50 cents' for *25 cents', and "(B) subsection (b) shall be applied by substituting '4 percent' for '2 percent'. "(2) TEMPORARY INCREASE TERMINATION DATE.—For purposes of paragraph (1), the temporary increase termination date is the earlier of— "(A) January 1, 1996, or "(B) the first January 1 after 1981 as of which there is— "(i) no balance of repayable advances made to the Black Lung Disability Trust Fund, and "(ii) no unpaid interest on such advances.". (b) EPPECTIVE DATE.—The amendment made by subsection (a) shall 26 USC 4i2i apply to sales after December 31, 1981. "°^
�
