§ 9506. Inland Waterways Trust Fund

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1986

   Harbor Maintenance Revenue Act of 1986

   Pub. L. 99–662 title XIV § 1405(a) · 100 Stat. 4082

   Enacted · 26 U.S.C. § 9506

   Added Pub. L. 99–662, title XIV, § 1405(a), Nov. 17, 1986, 100 Stat. 4271

   Source evidence

   Code source credit
   Added Pub. L. 99–662, title XIV, § 1405(a), Nov. 17, 1986, 100 Stat. 4271

   Enacted provision · exact public law section
   (a) In General.— Subchapter A of chapter 98 of the Internal Revenue Code of 1954 (relating to establishment of trust funds) is amended by adding after section 9505 the following new section: Ante, p. 4269 “SEC. 9506. INLAND WATERWAYS TRUST FUND. “(a) Creation of Trust Fund.— There is hereby established in the Treasury of the United States a trust fund to be known as the ‘Inland Waterways Trust Fund’, consisting of such amounts as may be appropriated or credited to such Trust Fund as provided in this section or section 9602(b). 26 USC 9602. “(b) Transfer to Trust Fund of Amounts Equivalent to Certain Taxes.— There are hereby appropriated to the Inland Waterways Trust Fund amounts equivalent to the taxes received in the Treasury under section 4042 (relating to tax on fuel used in commercial transportation on inland waterways). “(c) Expenditures From Trust Fund.— “(1) In general.— Except as provided in paragraph (2), amounts in the Inland Waterways Trust Fund shall be available, as provided by appropriation Acts, for making construction and rehabilitation expenditures for navigation on the inland and coastal waterways of the United States described in section 206 of the Inland Waterways Revenue Act of 1978, as in 33 USC 1804. effect on the date of the enactment of this section. “(2) Exception for certain projects.— Not more than ½ of the cost of any construction to which section 102(a) of the Water Resources Development Act of 1986 applies (as in effect on the date of the enactment of this section) may be paid from the Inland Waterways Trust Fund.”

2. 1986

   Pub. L. 99–499 title V § 521(b)(3) · 100 Stat. 1778

   1. Amended · 26 U.S.C. § 9506(b)

      Pub. L. 99–499, as amended by Pub. L. 100–647, § 1018(u)(18)

   2. Inserted · 26 U.S.C. § 9506(b)

      Pub. L. 99–499, as inserted at end “The preceding sentence shall apply only to so much of such taxes as are attributable to the Inland Waterways Trust Fund financing rate under section 4042(b).”

   Unresolved: Pub. L. 99–499 was not found in the local Statutes at Large index.

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 99–499, as amended by Pub. L. 100–647, § 1018(u)(18), inserted at end “The preceding sentence shall apply only to so much of such taxes as are attributable to the Inland Waterways Trust Fund financing rate under section 4042(b).”

3. 1988

   Technical and Miscellaneous Revenue Act of 1988

   Pub. L. 100–647 title I § 1018(u)(18) · 102 Stat. 3342

   Changed · 26 U.S.C. § 9506(b)

   Pub. L. 100–647 made technical corrections to directory language of Pub. L. 99–499, § 521(b)(3), see 1986 Amendment note below

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 100–647 made technical corrections to directory language of Pub. L. 99–499, § 521(b)(3), see 1986 Amendment note below.

   Enacted provision · exact public law section
   (18) Paragraph (3) of section 521(b) of the Superfund Revenue Act of 1986 is amended by striking out “Paragraph (1) of section 26 USC 9506. 9506(b)” and inserting in lieu thereof “Subsection (b) of section 9506”.

   Effective date note
   Amendment by Pub. L. 100–647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 1019(a) of Pub. L. 100–647, set out as a note under section 1 of this title.

2 of 4 references resolved to an enrolled provision · 2 unresolved