Black Lung Benefits Revenue Act of 1981

[AI summary unavailable — showing source text] Black Lung Benefits Revenue Act of 1981 - Amends the Internal Revenue Code to increase the excise tax on coal sold by a producer from: (1) 50 cents per ton to $1 per ton for coal from underground mines; and (2) 25 cents per ton to 50 cents per ton for coal from surface mines. Increases the maximum amount of such tax from 2 percent to 4 percent of the price at which a ton of coal is sold by the producer. Terminates such increase on the earlier of January 1, 1996, or the first January 1 after 1981 when there is: (1) no balance of repayable advances made to the Black Lung Disability Trust Fund; and (2) no unpaid interest on such advances. Creates a new subtitle I, "Trust Fund Code" as part of the Internal Revenue Code. Reestablishes in the U.S. Treasury, effective January 1, 1982, the Black Lung Disability Trust Fund. Provides that such trust fund shall be treated for all purposes of law as the continuation of the Black Lung Disability Trust Fund established by the Black Lung Benefits Revenue Act of 1977. Appropriates to the Trust Fund amounts equivalent to the revenues received from the excise tax on coal producers and the taxes on black lung benefit trusts relating to self-dealing, …