Highway Revenue Act of 1982

Highway Revenue Act of 1982 - Amends the Internal Revenue Code to increase the excise tax on gasoline, diesel fuel, and special motor fuels from four cents per gallon to nine cents per gallon. Exempts methanol and ethanol fuels from such tax. Exempts fuels consumed in off-highway business use. Imposes a five cent per gallon tax on gasohol. Taxes gasoline or other fuels used in taxicabs at four cents per gallon. Allows a refund of motor fuel taxes to aerial and other applicators of agricultural substances.

Revises the existing manufacturers excise tax on heavy trucks. Excludes from such tax trucks with a gross vehicle weight of 33,000 pounds or less and trailers with a gross vehicle weight of 26,000 pounds or less.

Repeals the tax on truck and bus parts and accessories. Terminates the manufacturers excise tax on trucks and buses on April 1, 1983. Imposes a 12 percent retail tax on the sale of heavy trucks and trailers as of April 1, 1983.

Revises the highway-use tax for heavy trucks. Exempts trucks with a taxable gross weight of less than 33,000 pounds. Provides for a graduated tax on trucks based on weight beginning at 33,000 pounds. Exempts from such tax trucks used for less than 2,500 miles on public highways. Requires the Secretary of Transportation (in consultation with the Secretary of the Treasury) to conduct a study of alternatives to the highway-use tax on heavy trucks.

Repeals the excise tax on tires and tubes except for the tax on heavy truck tires. Increases the tax on tires weighing more than 100 pounds from 9.75 cents per pound to 25 cents per pound. Increases the tax on tread rubber from five cents to 25 cents per pound.

Repeals the excise tax on lubricating oil.

Treats as a corporation for tax purposes certain motor carrier operating authorities acquired by taxpayers other than corporations.

Imposes a floor stock tax on gasoline, tires and tread rubber held by a dealer for sale.

Extends for four years until 1988 the Highway Trust Fund (Trust Fund). Transfers statutory authority for such Trust Fund to the Internal Revenue Code. Sets forth administrative provisions for such Trust Fund. Appropriates to such Trust Fund amounts equivalent to the taxes on: (1) diesel fuel and special motor fuels; (2) heavy trucks and trailers; (3) trucks and truck parts; (4) tires and tread rubber; (5) gasoline; (6) lubricating oil; and (7) highway use. Allows expenditures from such Trust Fund for the Federal-Aid Highway Program in accordance with specified authorizations.

Establishes within such Trust Fund a Mass Transit Account (Account). Transfers to such account one-ninth of the amounts appropriated to the Trust Fund which are attributable to the excise taxes on gasoline, diesel fuels and special motor fuels. Authorizes expenditures from such Account.