A bill to amend the Internal Revenue Code of 1954 with respect to refunds relating to the repeal of the excise tax on buses.

Amends the Energy Tax Act of 1978, with respect to refunds resulting from the repeal of the manufacturers' excise tax on buses, to extend to December 31, 1982, the period for reimbursement of the tax to the ultimate purchaser. Permits the manufacturer to make such reimbursement at the same time it receives the refund.