(B) METHOD OF PAYMENT.—The tax im-
posed by paragraph (1) shall be paid in such 
manner as the Secretary shall prescribe. 
(C) TIME
FOR
PAYMENT.—The tax im-
posed by paragraph (1) shall be paid on or be-
fore the date which is 6 months after the floor 
stocks tax date. 
(3) DEFINITIONS.—For purposes of this sub-
section— 
(A) HELD BY A PERSON.—A liquid shall 
be considered as ‘‘held by a person’’ if title 
thereto has passed to such person (whether or 
not delivery to the person has been made). 
(B) GASOLINE
AND
DIESEL
FUEL.—The 
terms ‘‘gasoline’’ and ‘‘diesel fuel’’ have the re-
spective meanings given such terms by section 
4083 of such Code. 
(C) FLOOR STOCKS TAX DATE.—The term 
‘‘floor stocks tax date’’ means the day after the 
date determined by the Secretary under section 
4081(f)(3) of such Code. 
(D) APPLICABLE PERIOD.—The term ‘‘ap-
plicable period’’ means the period described in 
section 4081(f)(3) of such Code. 
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(E) SECRETARY.—The term ‘‘Secretary’’ 
means the Secretary of the Treasury or the 
Secretary’s delegate. 
(4) EXCEPTION FOR EXEMPT USES.—The tax 
imposed by paragraph (1) shall not apply to gaso-
line, diesel fuel, or kerosene held by any person ex-
clusively for any use to the extent a credit or refund 
of the tax imposed by section 4081 of such Code is 
allowable for such use. 
(5) EXCEPTION FOR FUEL HELD IN VEHICLE 
TANK.—No tax shall be imposed by paragraph (1) 
on gasoline, diesel fuel, or kerosene held in the tank 
of a motor vehicle. 
(6) EXCEPTION
FOR
CERTAIN
AMOUNTS
OF 
FUEL.— 
(A) IN
GENERAL.—No tax shall be im-
posed by paragraph (1)— 
(i) on gasoline (other than aviation 
gasoline) held on the floor stocks tax date 
by any person if the aggregate amount of 
gasoline held by such person on such date 
does not exceed 4,000 gallons, and 
(ii) on diesel fuel or kerosene held on 
such date by any person if the aggregate 
amount of diesel fuel or kerosene held by 
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such person on such date does not exceed 
2,000 gallons. 
The preceding sentence shall apply only if such 
person submits to the Secretary (at the time 
and in the manner required by the Secretary) 
such information as the Secretary shall require 
for purposes of this subparagraph. 
(B) EXEMPT FUEL.—For purposes of sub-
paragraph (A), there shall not be taken into ac-
count fuel held by any person which is exempt 
from the tax imposed by paragraph (1) by rea-
son of paragraph (4) or (5). 
(C) CONTROLLED GROUPS.—For purposes 
of this paragraph— 
(i) CORPORATIONS.— 
(I) IN
GENERAL.—All persons 
treated as a controlled group shall be 
treated as 1 person. 
(II) CONTROLLED
GROUP.—The 
term ‘‘controlled group’’ has the 
meaning given to such term by sub-
section (a) of section 1563 of such 
Code; except that for such purposes 
the phrase ‘‘more than 50 percent’’ 
shall be substituted for the phrase ‘‘at 
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