HR 5825 · 93th Congress · Transportation and Public Works

National Surface Transportation Act

Introduced 1973-03-20· Sponsored by Rep. Bingham, Jonathan B. [D-NY-22]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-03-20)

Plain Language Summary

[AI summary unavailable — showing source text] National Surface Transportation Act - Title I: National Surface Transportation Trust Fund Revenue Act - Establishes in the Treasury of the United States a trust fund to be known as the national Surface Transportation fund. Authorizes to be appropriated to the trust fund amounts equivalent to the taxes received in the Treasury after June 30, 1974, and before July 1, 1980, which are attributable to liability for tax incurred before July 1, 1980, from the following taxes under the Internal Revenue Code: (1) taxes on diesel fuel and special motor fuels; (2) taxes on certain motor vehicles; (3) taxes on tires, tubes, ets...; (4) taxes on gasoline; and (5) taxes on the use of certain vehicles. Provides that at the close of June 30, 1973, there shall be transferred to the trust fund all unexpended funds which have been appropriated before July 1, 1973, to the Highway Revenue Act of 1956. Authorizes to be appropriated from the general fund of the Treasury to the trust fund such additional sums as may be required to make the expenditures authorized in title II of this Act. Provides that the Secretary of the Treasury shall manage the operation of the trust fund. Provides that amounts in the …

Summarized by Claude AI · Non-partisan · For informational purposes only