A bill to amend the Internal Revenue Code of 1954 to clarify the status of certain oil well service equipment under sub-chapter D of chapter 36 of such Code (relating to tax on the use of certain vehicles).

Exempts from the excise tax, imposed on highway motor vehicles by the Internal Revenue Code, any self-propelled oil well service or drilling equipment and any motor-operated crane whose primary purpose in the provision of onsite mobility and/or in-place operational power. (Amends 26 U.S.C. 4482(a))