# Pub. L. 99-499: changes to the Internal Revenue Code 1986-10-17, 100 Stat. 1770. Source: . ## Legislative history - Bill: [H.R. 2005](https://www.congress.gov/bill/99th-congress/house-bill/2005) ## § 26: Limitation based on tax liability; definition of tax liability - § 26(b)(2): Pub. L. 99–499 added subpar. (B) and redesignated former subpars. (B) to (J) as (C) to (K), respectively. ## § 164: Taxes - § 164(a): Pub. L. 99–499 added par. (5) relating to environmental tax. ## § 275: Certain taxes - § 275(a): Pub. L. 99–499 inserted at end “Paragraph (1) shall not apply to the tax imposed by section 59A.” ## § 1561: Limitation on accumulated earnings credit in the case of certain controlled corporations - § 1561(a): Pub. L. 99–499, in subsec. (a) as amended by Pub. L. 99–514 above, added par. (4), and in concluding provisions substituted “, the amount specified in paragraph (3), and the amount specified in paragraph (4)” for “(and the amount specified in paragraph (3))”. ## § 4041: Imposition of tax - § 4041(b): Pub. L. 99–499, § 521(d)(1), added par. (3). - § 4041(d), § 4041(e): Pub. L. 99–499, § 521(a)(2), added subsec. (d) and redesignated former subsec. (d) as (e). - § 4041(f): Pub. L. 99–499, § 521(d)(2), substituted “Except with respect to the taxes imposed by subsection (d), on and after” for “On and after”. - § 4041(g): Pub. L. 99–499, § 521(d)(3), substituted “Except with respect to the taxes imposed by subsection (d), paragraphs” for “Paragraphs” in last sentence. ## § 4042: Tax on fuel used in commercial transportation on inland waterways - § 4042(b): Pub. L. 99–499 and Pub. L. 99–662 both amended subsec. (b) generally, effective Jan. 1, 1987. Pub. L. 100–647, § 2002(a)(1) (see Construction of 1986 Amendments note below), provided that for purposes of this section, the amendment made by Pub. L. 99–499 be treated as enacted after the amendment made by Pub. L. 99–662. Prior to amendment by Pub. L. 99–499 and Pub. L. 99–662, subsec. (b) read as follows: ## § 4081: Imposition of tax - § 4081(a): Pub. L. 99–499, § 521(a)(1)(B)(i), substituted “at the rate specified in subsection (d)” for “of 9 cents a gallon” in par. (1) as amended by Pub. L. 99–514. - § 4081(a): Pub. L. 99–499, § 521(a)(1)(A)(i), amended subsec. (a), as in effect the day before Oct. 22, 1986, generally, substituting “at the rate specified in subsection (b)” for “of 9 cents a gallon”. - § 4081(b): Pub. L. 99–499, § 521(a)(1)(B)(i), substituted “at the rate specified in subsection (d)” for “of 9 cents a gallon” in par. (1) as amended by Pub. L. 99–514. - § 4081(b): Pub. L. 99–499, § 521(a)(1)(A)(i), amended subsec. (b), as in effect the day before Oct. 22, 1986, generally. Prior to amendment, subsec. (b), termination, read as follows: “On and after October 1, 1988, the taxes imposed by this section shall not apply.” - § 4081(c): Pub. L. 99–499, § 521(a)(1)(B)(iii)(I), substituted “subsection (d)” for “subsection (a)” in par. (1) as amended by Pub. L. 99–514. - § 4081(c): Pub. L. 99–499, § 521(a)(1)(A)(iii), substituted “subsection (b)” for “subsection (a)” in introductory provisions as in effect the day before Oct. 22, 1986. - § 4081(c): Pub. L. 99–499, § 521(a)(1)(B)(iii)(II), substituted “a Highway Trust Fund financing rate” for “a rate” in par. (2) as amended by Pub. L. 99–514. - § 4081(c): Pub. L. 99–499, § 521(a)(1)(A)(iii)(II), substituted “a Highway Trust Fund financing rate” for “a rate” in par. (2) as in effect the day before Oct. 22, 1986. - § 4081(d): Pub. L. 99–499, § 521(a)(1)(B)(ii), added subsec. (d) to this section as amended by Pub. L. 99–514, and struck out former subsec. (d), termination, which read as follows: “On and after October 1, 1988, the taxes imposed by this section shall not apply.” - § 4081(d): Pub. L. 99–499, § 521(a)(1)(A)(i), in amending this section as in effect the day before Oct. 22, 1986, added subsec. (d). - § 4081(e): Pub. L. 99–499, § 521(a)(1)(B)(ii), added subsec. (e) to this section as amended by Pub. L. 99–514. ## § 4221: Certain tax-free sales - § 4221(a): Pub. L. 99–499, § 521(d)(4)(A), inserted “(at the Highway Trust Fund financing rate)” after “4081” in last sentence. ## § 4611: Imposition of tax - § 4611(a), § 4611(b)(1): Pub. L. 99–499, § 512(a), substituted “at the rate specified in subsection (c)” for “of 0.79 cent a barrel”. - § 4611(c): Pub. L. 99–499, § 512(b), added subsec. (c) and redesignated former subsec. (c) as (d). - § 4611(d): Pub. L. 99–499, § 512(b), redesignated subsec. (c) as (d). Former subsec. (d) redesignated (e). - § 4611(e): Pub. L. 99–499, §§ 511(a), 512(b), amended subsec. (d) generally and redesignated it as (e). Prior to amendment and redesignation, subsec. (d), termination, read as follows: “The taxes imposed by this section shall not apply after September 30, 1985, except that if on September 30, 1983, or September 30, 1984— ## § 4612: Definitions and special rules - § 4612(c): Pub. L. 99–499 added subsec. (c) and redesignated former subsec. (c) as (d). - § 4612(d): Pub. L. 99–499 redesignated former subsec. (c) as (d). ## § 4661: Imposition of tax - § 4661(b): Pub. L. 99–499 inserted at end “For periods before 1992, the item relating to xylene in the preceding table shall be applied by substituting ‘10.13’ for ‘4.87’.” ## § 4662: Definitions and special rules - § 4662(b)(7): Pub. L. 99–499, § 513(c), added par. (7). - § 4662(b)(8): Pub. L. 99–499, § 513(d), added par. (8). - § 4662(b)(9): Pub. L. 99–499, § 513(e)(1), added par. (9). - § 4662(b)(10): Pub. L. 99–499, § 513(g), added par. (10). - § 4662(c): Pub. L. 99–499, § 513(f), amended subsec. (c) generally. Prior to amendment, subsec. (c) read as follows: “Except as provided in subsection (b), if any person manufactures, produces, or imports a taxable chemical and uses such chemical, then such person shall be liable for tax under section 4661 in the same manner as if such chemical were sold by such person.” - § 4662(d)(1): Pub. L. 99–499, § 513(b)(2), substituted “which is a taxable chemical” for “the sale of which by such person would be taxable under such section”, in subpar. (B), and substituted “imposed by such section on the other substance manufactured or produced (or which would have been imposed by such section on such other substance but for subsection (b) or (e) of this section)” for “imposed by such section on the other substance manufactured or produced” in last sentence. - § 4662(d)(4): Pub. L. 99–499, § 513(e)(2), added par. (4). - § 4662(e), § 4662(f): Pub. L. 99–499, § 513(b)(1), added subsec. (e) and redesignated former subsec. (e) as (f). ## § 4671: Imposition of tax - Enacted 26 U.S.C. § 4671. ## § 4672: Definitions and special rules - Enacted 26 U.S.C. § 4672. ## § 6416: Certain taxes on sales and services - § 6416(b)(2): Pub. L. 99–499 inserted “or under paragraph (1)(A) or (2)(A) of section 4041(d)” after “section 4041(a)”. ## § 6420: Gasoline used on farms - § 6420(h): Pub. L. 99–499 substituted “Except with respect to taxes imposed by section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate, this section” for “This section”. ## § 6421: Gasoline used for certain nonhighway purposes, used by local transit systems, or sold for certain exempt purposes - § 6421(e): Pub. L. 99–499, § 521(c)(2)(B), added par. (4). - § 6421(h): Pub. L. 99–499, § 521(c)(2)(A), substituted “Except with respect to taxes imposed by section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate, this section” for “This section”. ## § 6425: Adjustment of overpayment of estimated income tax by corporation - § 6425(c)(1)(A): Pub. L. 99–499 amended subsec. (c)(1)(A), as amended by the Tax Reform Act of 1986 (Pub. L. 99–514), by striking out “plus” at end of cl. (i), substituting “plus” for “over” at end of cl. (ii), and adding cl. (iii). ## § 6427: Fuels not used for taxable purposes - § 6427(f): Pub. L. 99–499, § 521(c)(3)(C), which directed the substitution of “at the Highway Trust Fund financing rate” for “at the rate”, was executed by making the substitution for the first such reference as the probable intent of Congress. - § 6427(m): Pub. L. 99–499, § 521(c)(3)(A), substituted “Except with respect to taxes imposed by section 4041(d) and section 4081 at the Leaking Underground Storage Tank Trust Fund financing rate, subsections” for “Subsection”. - § 6427(n): Pub. L. 99–499, § 521(c)(3)(B)(i), added subsec. (n). Former subsec. (n) redesignated (o). - § 6427(o): Pub. L. 99–499, § 521(c)(3)(B)(i), redesignated subsec. (n) as (o). ## § 6655: Failure by corporation to pay estimated income tax - § 6655(f): Pub. L. 99–499 amended subsec. (f)(1), as amended by the Tax Reform Act of 1986 (Pub. L. 99–514), by striking out “plus” at end of subpar. (A), substituting “plus” for “over” at end of subpar. (B), and adding subpar. (C). ## § 9502: Airport and Airway Trust Fund - § 9502(b)(1): Pub. L. 99–499, § 521(b)(2)(A), substituted “subsections (c) and (e) of section 4041” for “subsections (c) and (d) of section 4041”. - § 9502(b)(2): Pub. L. 99–499, § 521(b)(2)(B), inserted “(to the extent attributable to the Highway Trust Fund financing rate)” after “section 4081”. ## § 9503: Highway Trust Fund - § 9503(b)(4): Pub. L. 99–499, § 521(b)(1)(A), added par. (4). - § 9503(c)(4): Pub. L. 99–499, § 521(b)(1)(B), inserted “(to the extent attributable to the Highway Trust Fund financing rate)” after “section 4081”. ## § 9506: Inland Waterways Trust Fund - § 9506(b): Pub. L. 99–499, as amended by Pub. L. 100–647, § 1018(u)(18), inserted at end “The preceding sentence shall apply only to so much of such taxes as are attributable to the Inland Waterways Trust Fund financing rate under section 4042(b).” ## § 9507: Hazardous Substance Superfund - Enacted 26 U.S.C. § 9507. ## § 9508: Leaking Underground Storage Tank Trust Fund - Enacted 26 U.S.C. § 9508.