Applying Agreed-Upon Procedures:

Highway Trust Fund Excise Taxes

GAO-03-360R: Published: Jan 23, 2003. Publicly Released: Jan 23, 2003.

Additional Materials:

Contact:

Steven J. Sebastian
(202) 512-9521
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

We evaluated fiscal year 2002 activity affecting distributions to the Highway Trust Fund (HTF).

The Treasury Office of Tax Analysis' (OTA) fiscal year 2002 estimates of transfers from the HTF to the Aquatic Resources Trust Fund and the Land and Water Conservation Fund contained an additional transfer of $115.5 million from the HTF to the general fund. OTA officials advised us that this was the result of an update to Treasury's interpretation of Section 9503 of The Internal Revenue Code. Treasury's most recent interpretation appears to be consistent with the Code. As a result of this interpretation, net excise tax distributions to the HTF for fiscal year 2002 and for future years were, and will continue to be, less than what they would have been under the previous interpretation.

Nov 15, 2017

Nov 2, 2017

Oct 31, 2017

Oct 26, 2017

Oct 5, 2017

Sep 20, 2017

Sep 7, 2017

Aug 28, 2017

Aug 3, 2017

Jul 27, 2017

Looking for more? Browse all our products here