To amend the Hazardous Materials Transportation Act to provide for the registration of hazardous materials carriers, to provide assistance in the routing of hazardous materials and in the training of personnel to deal with such materials, and for other purposes.

Amends the Hazardous Materials Transportation Act to authorize the Secretary of Transportation to require any person using carriers to transport hazardous materials in commerce to submit a biennial registration statement indicating such carrier's principal place of business and a complete list of all hazardous materials handled.

States that persons required to file a registration statement may not transport hazardous materials through towns of specified population size unless: (1) such towns have been notified of the shipment; and (2) such towns have indicated a shipment route.

Authorizes the Secretary to make grants to local jurisdictions to develop hazardous materials transportation plans.

Directs the Secretary to: (1) provide training centers concerned with hazardous materials transportation incidents; and (2) make grants to States and local jurisdictions to purchase equipment to be used in handling incidents involving the transportation of hazardous materials.

Amends the Internal Revenue Code to: (1) impose an excise tax upon the shipment of hazardous materials; and (2) establish in the Treasury the Hazardous Materials Trust Fund.