To amend the Internal Revenue Code of 1986 to reduce the rate of tax on distilled spirits to its pre-1985 level.

Amends the Internal Revenue Code to reduce the tax rate on distilled spirits.

[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2950 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 2950

To amend the Internal Revenue Code of 1986 to reduce the rate of tax on 
                distilled spirits to its pre-1985 level.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 25, 2003

    Mr. Lewis of Kentucky (for himself, Mr. Rogers of Kentucky, Mr. 
Whitfield, Mr. Fletcher, Mr. Lucas of Kentucky, Mr. Hayworth, Mr. Cox, 
  Mr. Davis of Tennessee, Mr. Rehberg, Mr. Cunningham, Mr. Paul, Mr. 
Royce, Mr. Simmons, Mr. Crane, Mr. Pomeroy, Mr. Hastings of Washington, 
Mr. Doolittle, Ms. Ros-Lehtinen, Mr. Calvert, Mr. Jenkins, Mr. Tiberi, 
 Mr. Towns, Ms. Dunn, Mr. John, Mr. Stearns, Mr. Stupak, Mr. Crowley, 
Mrs. Jo Ann Davis of Virginia, Mr. Reynolds, Mr. Cardoza, Mr. McCrery, 
    Mr. Boswell, Mr. Foley, Mr. Coble, and Mr. Camp) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to reduce the rate of tax on 
                distilled spirits to its pre-1985 level.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REDUCTION IN RATE OF TAX ON DISTILLED SPIRITS TO PRE-1985 
              LEVELS.

    (a) In General.--Paragraph (1) of section 5001(a) of the Internal 
Revenue Code of 1986 (relating to imposition, rate, and attachment of 
tax) is amended by striking ``$13.50'' and inserting ``$10.50''.
    (b) Conforming Amendments.--
            (1) Subsection (a) of section 5010 of such Code is amended 
        by striking ``$13.50'' each place it appears and inserting 
        ``$10.50''.
            (2) Subsection (f) of section 7652 of such Code is hereby 
        repealed.
    (c) Effective Date.--The amendments made by this section shall take 
effect on the first date that Director of the Office of Management and 
Budget projects that--
            (1) there is a Federal budget surplus (determined without 
        regard to the income and expenditures of the social security 
        trust funds) for the fiscal year that includes such date, and
            (2) such surplus is not less than the aggregate revenue 
        reductions during such period resulting from the amendments 
        made by this Act.
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