Increase in excise tax rate for funding of Black Lung Disability Trust Fund

(a) In general Section 4121(b) of the Internal Revenue Code of 1986 is amended— (1) in paragraph (1), by striking $1.10 and inserting $1.38, and (2) in paragraph (2), by striking $.55 and inserting $0.69. (b) Effective date The amendments made by this section shall apply on and after the first day of the first calendar month beginning after the date of the enactment of this Act.