To amend the Internal Revenue Code of 1986 to extend the Leaking Underground Storage Tank Trust Fund financing rate.

H.R. 1270 extended the financing for the Leaking Underground Storage Tank (LUST) Trust Fund through September 30, 2005. This fund is primarily supported by a 0.1-cent per gallon tax on motor fuels, such as gasoline and diesel. The revenue is used by the Environmental Protection Agency (EPA) and state governments to clean up petroleum leaks from underground tanks, which helps prevent the contamination of local drinking water and soil.