‘‘(1) IN GENERAL.—The tax imposed by sub-
section (a) shall be on the first sale within the Unit-
ed States of the petroleum product.
‘‘(2) TAX ON CERTAIN USES.—If—
‘‘(A) any petroleum product entered into
the United States is used within the United
States, and
‘‘(B) before such use, no tax was imposed
under subsection (a),
then the tax imposed by subsection (a) shall be on
such use.
‘‘(d) LIABILITY FOR PAYMENT OF TAX.—
‘‘(1) SALES.—The tax imposed on the first sale
described in subsection (c)(1) shall be paid by the
seller thereof.
‘‘(2) USE.—The tax imposed on any use de-
scribed in subsection (c)(2) shall be paid by the per-
son using the petroleum product.
‘‘SEC. 5886. AVERAGE INTERNATIONAL PRICE.
‘‘(a) IN GENERAL.—For purposes of this subchapter,
the average international price of crude oil for any 4-week
period shall be the average of the weighted average price
per barrel of crude oil for each week in such period, as
estimated and published in the Weekly Petroleum Status
Report prepared by the Secretary of Energy or his
delegate.
‘‘(b) PUBLICATION.—The Secretary shall publish for
each week the average international price determined
under subsection (a) for the preceding 4-week period.
‘‘SEC. 5887. DEFINITIONS AND SPECIAL RULES.
‘‘(a) DEFINITIONS.—For purposes of this chapter—
‘‘(1) CRUDE OIL.—The term ‘crude oil’ includes
crude oil condensates and natural gasoline but does
not include domestic crude oil (within the meaning
of section 4612(a)(2)).
‘‘(2) BARREL.—The term ‘barrel’ means 42
United States gallons.
‘‘(3) EXPORT.—The term ‘export’ includes ship-
ment to a possession of the United States.
‘‘(4) PETROLEUM PRODUCT.—The term ‘petro-
leum product’ includes—
‘‘(A) crude oil, and
‘‘(B) refined oil, fuels, and chemical feed-
stocks which are refined or derived from crude
oil.
‘‘(b) TAX-FREE EXPORTS.—
‘‘(1) IN
GENERAL.—Under regulations pre-
scribed by the Secretary, no tax shall be imposed
under this chapter on the sale of any petroleum
product for export or for resale by the purchaser to
a second purchaser for export.
‘‘(2) PROOF
OF
EXPORT.—Where any petro-
leum product has been sold free of tax under para-
graph (1), such paragraph shall cease to apply with
respect to the sale of such petroleum product unless,
within the 6-month period which begins on the date
of the sale, the seller receives proof that the petro-
leum product has been exported.
‘‘SEC. 5888. REGISTRATION.
‘‘Every person subject to tax under section 5885 shall
register with the Secretary at such time and in such man-
ner as the Secretary may prescribe.’’
(b) CONFORMING AMENDMENT.—The table of chap-
ters for subtitle E of such Code is amended by adding
at the end thereof the following new item:
‘‘CHAPTER 55. Imported crude oil and refined petroleum prod-
ucts.’’
(c) DEDUCTIBILITY
OF
IMPORTED
CRUDE
OIL
TAX.—The first sentence of section 164(a) of such Code
(relating to deductions for taxes) is amended by inserting
after paragraph (5) the following new paragraph:
‘‘(6) The tax on imported petroleum products
imposed by section 5885.’’
(d) EFFECTIVE DATE.—The amendments made by
this section shall apply with respect to sales of imported
crude oil and imported refined petroleum products in cal-
endar quarters beginning more than 30 days after the date
of the enactment of this Act.
Æ