A bill to amend the Internal Revenue Code of 1954 to provide for repayment of the oil import fee in the case of certain uses of gasoline.

Amends the Internal Revenue Code to provide for a repayment of the oil import fee equal to ten cents per gallon of gasoline used for certain exempt purposes. Defines "exempt use" as: (1) any use by a State or local government; (2) any use by a nonprofit educational institution; (3) any use as supplies for vessels or aircraft; (4) agricultural uses; (5) certain business uses; and (6) any use in connection with intercity, local, or school buses.