text: SECTION 1. EXCISE TAX ON MANUFACTURE AND IMPORTATION OF TIRES.
  
      (a) In General.--Chapter 38 of the Internal Revenue Code of 1986 
  (relating to environmental taxes) is amended by adding at the end the 
  following:
  
                        ``Subchapter E--Tax on Tires
  
                                ``Sec. 4691. Imposition of tax.
  
  ``SEC. 4691. IMPOSITION OF TAX.
  
      ``(a) General Rule.--There is imposed a tax on the manufacture or 
  importation of tires of any type, including solid and pneumatic tires.
      ``(b) Amount of Tax.--The amount of the tax imposed by subsection 
  (a) shall be 50 cents per tire.
      ``(c) Liability for Tax.--The tax imposed by subsection (a) shall 
  be paid by the manufacturer or importer of the tire not later than 30 
  days after the end of each calendar quarter for each tire manufactured 
  or imported during such quarter.
      ``(d) Tires on Imported Articles.--For purposes of subsection (a), 
  if an article imported into the United States is equipped with tires, 
  the importer of the article shall be treated as the importer of the 
  tires with which such article is equipped.
      ``(e) Effective Date.--The tax imposed by this section shall apply 
  to tires manufactured or imported after December 31, 1997, and before 
  January 1, 2003.''.
      (b) Conforming Amendment.--The table of subchapters for chapter 38 
  of such Code is amended by adding after the item relating to subchapter 
  D the following:
  
                                ``Subchapter E. Tax on tires.''.
  
  SEC. 2. ESTABLISHMENT OF TIRE RECYCLING, ABATEMENT, AND DISPOSAL TRUST 
                FUND.
  
      (a) In General.--Subchapter A of chapter 98 of the Internal Revenue 
  Code of 1986 (relating to the establishment of trust funds) is amended 
  by adding after section 9511 the following:
  
  ``SEC. 9512. WASTE TIRE RECYCLING, ABATEMENT, AND DISPOSAL TRUST FUND.
  
      ``(a) Creation of Trust Fund.--There is established in the Treasury 
  of the United States a trust fund to be known as the ``Waste Tire 
  Recycling, Abatement, and Disposal Trust Fund'' consisting of such 
  amounts as may be appropriated or credited to such Trust Fund as 
  provided in this section or section 9602(b).
      ``(b) Transfers to Trust Fund.--There are appropriated to the Waste 
  Tire Recycling, Abatement, and Disposal Trust Fund amounts equivalent 
  to--
              ``(1) taxes received in the Treasury under section 4691 
          (relating to an assessment on motor vehicle tires); and
              ``(2) amounts received in the Treasury and collected under 
          section 4011 of the Solid Waste Disposal Act.
      ``(c) Expenditures.--Amounts in the Waste Tire Recycling, 
  Abatement, and Disposal Trust Fund shall be available, as provided in 
  appropriation Acts, only for the purpose of making expenditures to 
  carry out the purposes of section 4011 of the Solid Waste Disposal Act.
      ``(d) Authority to Borrow.--
              ``(1) In general.--There are authorized to be appropriated 
          to the Waste Tire Recycling, Abatement, and Disposal Trust 
          Fund, as repayable advances, such sums as may be necessary to 
          carry out the purposes of section 4011(k) of the Solid Waste 
          Disposal Act.
              ``(2) Limitation on aggregate advances.--The maximum 
          aggregate amount of repayable advances to the Waste Tire 
          Recycling, Abatement, and Disposal Trust Fund which is 
          outstanding at any one time shall not exceed an amount equal to 
          the amount which the Secretary estimates will be equal to the 
          sum of the amounts received from the tax imposed by section 
          4691 during any 2-year period.
              ``(3) Repayment of advances.--
                      ``(A) In general.--Advances made to the Waste Tire 
                  Recycling, Abatement, and Disposal Trust Fund shall be 
                  repaid, and interest on such advances shall be paid, to 
                  the general fund of the Treasury when the Secretary 
                  determines that moneys are available for such purposes 
                  in the Waste Tire Recycling, Abatement, and Disposal 
                  Trust Fund.
                      ``(B) Date for termination of advances.--No advance 
                  shall be paid to the Trust Fund after December 31, 2001 
                  and all advances to the Trust Fund shall be repaid on 
                  or before such date.
                      ``(C) Interest rate on advances.--Interest on 
                  advances made to the Trust Fund shall be at a rate 
                  determined by the Secretary to be equal to the current 
                  market yield on outstanding marketable obligations of 
                  the United States with remaining periods to maturity 
                  comparable to the anticipated period during which the 
                  advance will be outstanding, and shall be compounded 
                  annually.''.
              (b) Conforming Amendment.--The table of sections for 
          subchapter A of chapter 98 of such Code is amended by adding 
          after the item relating to section 9511 the following:
  
                                ``Sec. 9511. Waste Tire Recycling, 
                                          Abatement, and Disposal Trust 
                                          Fund.''.
target: Amends the Internal Revenue Code (IRC) to impose a tax on the manufacture or importation of tires of any type, including solid and pneumatic tires. 
  Establishes the Waste Tire Recycling, Abatement, and Disposal Trust Fund.  Appropriates to the Fund the taxes received under IRC provisions relating to an assessment on motor vehicle tires and amounts received under specified provisions of the Solid Waste Disposal Act.  Makes Fund amounts available (as provided in appropriations Acts), and authorizes appropriations, for State and Federal waste tire recycling, abatement, and disposal activities and related research.
feat_title: A bill to amend the Internal Revenue Code to impose a tax on the manufacture and importation of tires, and for other purposes.