To amend the Internal Revenue Code of 1986 to provide that 0.5 cent of the general revenue portion of the highway motor fuel taxes shall be deposited into an Intercity Passenger Rail Trust Fund and to deposit the remainder of such portion into the Highway Trust Fund.
Intercity Passenger Rail Trust Fund Act of 1996 - Amends the Internal Revenue Code to establish in the Treasury the Intercity Passenger Rail Trust Fund which shall finance qualified intercity passenger rail service expenses of: (1) the National Railroad Passenger Corporation; and (2) eligible States. Transfers to the Fund a specified percentage of the general revenue portion of the highway motor fuel taxes.
Introduced in House
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Surface Transportation.
Referred to the Subcommittee on Railroads.
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