A bill to amend the Internal Revenue Code of 1954 to repeal the manufacturers excise tax on tires, inner tubes, and tread rubber.

Revises the Internal Revenue Code to repeal the manufacturer's excise tax on tires, inner tubes, and tread rubber. Provides a floor stock credit or refund (without interest) to the manufacturer of the amount of tax paid on the sale of such rubber article, with specified limitations. Provides for refunds with respect to enumerated consumer purchases. Makes technical and conforming amendments to the Internal Revenue Code.