Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section4662&num=0&edition=prelim
Timestamp: 2020-02-23 02:17:51
Document Index: 408708039

Matched Legal Cases: ['§ 4662', '§211', '§1019', '§513', '§2001', '§532', '§2001', '§513', '§1019', '§1019']

[USC02] 26 USC 4662: Definitions and special rules
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26 USC 4662: Definitions and special rules Text contains those laws in effect on February 21, 2020
From Title 26-INTERNAL REVENUE CODESubtitle D-Miscellaneous Excise TaxesCHAPTER 38-ENVIRONMENTAL TAXESSubchapter B-Tax on Certain Chemicals
Except as provided in subsection (b), the term "taxable chemical" means any substance-
For purposes of this section, the term "qualified fertilizer substance" means any substance-
For purposes of this section, the term "qualified fuel substance" means any substance-
For purposes of this subsection, the term "qualified fuel use" means-
The chemicals described in this subparagraph are-
For purposes of subparagraph (B), required corrective action shall be treated as uncompleted during the period-
(i) beginning on the date that the corrective action is required by the Administrator or an authorized State pursuant to-
For purposes of this section, the term "qualified animal feed substance" means any substance-
For purposes of this part, if any organic taxable chemical on which no tax was imposed by reason of subparagraph (A) is isolated, extracted, or otherwise removed from, or ceases to be part of, an intermediate hydrocarbon stream-
Except as provided in this paragraph, in any case in which a manufacturer, producer, or importer of a taxable chemical exchanges such chemical as part of an inventory exchange with another person-
Subparagraph (A) shall not apply to any inventory exchange unless-
Under regulations prescribed by the Secretary, if-
Except as provided in subparagraph (B), if-
No credit or refund shall be allowed or made under subparagraph (A) unless the person who paid the tax establishes that he-
The Secretary shall provide, in regulations, the circumstances under which a credit or refund (without interest) of the tax under section 4661 shall be allowed or made to the person who exported the taxable chemical or taxable substance, where-
(Added Pub. L. 96–510, title II, §211(a), Dec. 11, 1980, 94 Stat. 2799 ; amended Pub. L. 98–369, div. A, title X, §1019(a)–(c), July 18, 1984, 98 Stat. 1022–1024 ; Pub. L. 99–499, title V, §513(b)–(g), Oct. 17, 1986, 100 Stat. 1762–1765 ; Pub. L. 100–647, title II, §2001(a), Nov. 10, 1988, 102 Stat. 3593 ; Pub. L. 106–170, title V, §532(c)(2)(U), Dec. 17, 1999, 113 Stat. 1931 .)
1999-Subsec. (c)(2)(C). Pub. L. 106–170 substituted "section 1221(a)(1)" for "section 1221(1)".
1988-Subsec. (b)(10)(A). Pub. L. 100–647, §2001(a)(2), substituted "one or more" for "a mixture of".
1986-Subsec. (b)(7). Pub. L. 99–499, §513(c), added par. (7).
1984-Subsec. (b)(1). Pub. L. 98–369, §1019(a)(3), inserted "or in the manufacture or production of any motor fuel, diesel fuel, aviation fuel, or jet fuel".
Pub. L. 98–369, div. A, title X, §1019(d), July 18, 1984, 98 Stat. 1024 , provided that:
"(1) In general.-The amendments made by this section [amending this section] shall take effect as if included in the amendments made by section 211(a) of the Hazardous Substance Response Revenue Act of 1980 [Pub. L. 96–510, which enacted this section].
"(2) Waiver of limitation.-If refund or credit of any overpayment of tax resulting from the application of the amendments made by this section is prevented at any time before the date which for one year after the date of the enactment of this Act [July 18, 1984] by the operation of any law or rule of law (including res judicata), refund or credit of such overpayment (to the extent attributable to the application of such amendments) may, nevertheless, be made or allowed if claim therefor is filed on or before the date which for one year after the date of the enactment of this Act."