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I
116TH CONGRESS
1ST SESSION H. R. 3286
To amend the Internal Revenue Code of 1986 to phaseout the Mass Transit
Account.
IN THE HOUSE OF REPRESENTATIVES
JUNE 13, 2019
Mr. RICE of South Carolina introduced the following bill; which was referred
to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to phaseout
the Mass Transit Account.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Highway Restoration
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Act of 2019’’.
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SEC. 2. PHASEOUT OF MASS TRANSIT ACCOUNT.
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(a) IN GENERAL.—Section 9503(e) of the Internal
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Revenue Code of 1986 is amended by adding at the end
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the following:
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‘‘(6) PHASEOUT.—In the case of fiscal years
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beginning after September 30, 2019, each rate de-
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termined under paragraph (2) shall be the applicable
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percentage of such rate. For purposes of the pre-
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ceding sentence, the applicable percentage shall be
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determined under the following table:
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‘‘In the case of fiscal year:
The applicable
percentage is:
2020 ............................................................................................
80 percent
2021 ............................................................................................
60 percent
2022 ............................................................................................
40 percent
2023 ............................................................................................
20 percent
2024 and each fiscal year thereafter ..........................................
0 percent.’’.
(b)
CONFORMING
AMENDMENT.—Section
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9503(e)(5)(A) of the Internal Revenue Code of 1986 is
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amended is amended by striking ‘‘paragraph (2)’’ and in-
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serting ‘‘paragraphs (2) and (6)’’.
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(c) EFFECTIVE DATE.—The amendments made by
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this section shall apply to fiscal years beginning after Sep-
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tember 30, 2019.
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