A bill to impose an unjust enrichment tax with respect to illegal license fees on the importation of oil and petroleum products, and to provide that the proceeds of the tax are to be distributed to cities, counties, and other local governments under the formula for allocations to local governments set forth in the State and Local Fiscal Assistance Act of 1972.

Establishes an unjust enrichment tax on the importation of oil and petroleum products in an amount equal to the license fee imposed upon the importation of such products after May 1, 1973. Requires that all persons subject to such license fee pay the tax imposed by this Act.

Provides that this Act will become effective if and when the Supreme Court of the United States holds the imposition or collection of such license fee to be invalid.

Distributes the funds to local governments according to the formula set forth in the State and Local Fiscal Assistance Act. States that such funds distributed pursuant to this Act are in addition to any funds otherwise distributed as directed by the State and Local Fiscal Assistance Act.