Sec. 123. Increase in oil spill liability trust fund financing rate
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Subparagraph
(B)of section 4611(c)(2) of the Internal Revenue Code of 1986 is amended to read as follows: the Oil Spill Liability Trust Fund financing rate is— in the case of crude oil received or petroleum products entered before January 1, 2014, 8 cents a barrel, in the case of crude oil received or petroleum products entered after December 31, 2013, and before January 1, 2018, 9 cents a barrel, and in the case of crude oil received or petroleum products entered after December 31, 2017, 10 cents a barrel. . The amendment made by this section shall apply to crude oil received and petroleum products entered after the date of the enactment of this Act.