§ 4042. Tax on fuel used in commercial transportation on inland waterways
(a)
In general
There is hereby imposed a tax on any liquid used during any calendar quarter by any person as a fuel in a vessel in commercial waterway transportation.
(b)
Amount of tax
(2)
Rates
For purposes of paragraph (1)—
(3)
Exception for fuel on which Leaking Underground Storage Tank Trust Fund financing rate separately imposed
(4)
Termination of Leaking Underground Storage Tank Trust Fund financing rate
The Leaking Underground Storage Tank Trust Fund financing rate under paragraph (2)(B) shall not apply during any period during which the Leaking Underground Storage Tank Trust Fund financing rate under section
4081 does not apply.
(c)
Exemptions
(1)
Deep-draft ocean-going vessels
The tax imposed by subsection (a) shall not apply with respect to any vessel designed primarily for use on the high seas which has a draft of more than 12 feet.
(2)
Passenger vessels
The tax imposed by subsection (a) shall not apply with respect to any vessel used primarily for the transportation of persons.
(3)
Use by State or local government in transporting property in a state or local business
Subparagraph (B) of subsection (d)(1) shall not apply with respect to use by a State or political subdivision thereof.
(4)
Use in moving lash and seabee ocean-going barges
The tax imposed by subsection (a) shall not apply with respect to use for movement by tug of exclusively LASH (Lighter-aboard-ship) and SEABEE ocean-going barges released by their ocean-going carriers solely to pick up or deliver international cargoes.
(d)
Definitions
For purposes of this section—
(1)
Commercial waterway transportation
The term “commercial waterway transportation” means any use of a vessel on any inland or intracoastal waterway of the United States—
(e)
Date for filing return
The date for filing the return of the tax imposed by this section for any calendar quarter shall be the last day of the first month following such quarter.