A bill to amend the Internal Revenue Code of 1986 to increase the gasoline tax and to transfer the additional revenues to the Mass Transit Account in the Highway Trust Fund.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the excise tax on gasoline from nine cents per gallon to 12 cents per gallon. Specifies that revenues raised by such increase in the excise tax on gasoline shall be transferred to the Mass Transit Account of the Highway Trust Fund. Imposes a floor stock tax on gasoline of three cents per gallon. Specifies that revenues raised by such floor stock tax shall be transferred to the Highway Trust Fund.…