Source: http://www.law.cornell.edu/uscode/text/26/4121
Timestamp: 2014-08-01 23:46:14
Document Index: 777935175

Matched Legal Cases: ['§ 4121', '§ 4121', '§ 4121', '§ 2', '§ 102', '§ 13203', '§ 1897', '§ 10503', '§ 113', '§ 113', '§ 113', '§ 13203', '§ 13203', '§ 13203', '§ 1897', '§ 13203', '§ 102', '§ 2', '§ 5', '§ 20', '§ 114']

26 U.S. Code § 4121 - Imposition of tax | LII / Legal Information Institute
U.S. Code › Title 26 › Subtitle D › Chapter 32 › Subchapter B › § 4121 26 U.S. Code § 4121 - Imposition of tax
In general There is hereby imposed on coal from mines located in the United States sold by the producer, a tax equal to the rate per ton determined under subsection (b).
Limitation on tax The amount of the tax imposed by paragraph (1) with respect to a ton of coal shall not exceed the applicable percentage (determined under subsection (b)) of the price at which such ton of coal is sold by the producer.
Determination of rates and limitation on tax For purposes of subsection (a)—
the rate of tax on coal from underground mines shall be $1.10,
the rate of tax on coal from surface mines shall be $.55, and
the applicable percentage shall be 4.4 percent.
Tax not to apply to lignite The tax imposed by subsection (a) shall not apply in the case of lignite.
Coal from surface mines Coal shall be treated as produced from a surface mine if all of the geological matter above the coal being mined is removed before the coal is extracted from the earth. Coal extracted by auger shall be treated as coal from a surface mine.
Coal from underground mines Coal shall be treated as produced from an underground mine if it is not produced from a surface mine.
United States The term “United States” has the meaning given to it by paragraph (1) of section 638.
Ton The term “ton” means 2,000 pounds.
Reduction in amount of tax (1)
In general Effective with respect to sales after the temporary increase termination date, subsection (b) shall be applied—
by substituting “$.50” for “$1.10”,
by substituting “$.25” for “$.55”, and
by substituting “2 percent” for “4.4 percent”.
Temporary increase termination date For purposes of paragraph (1), the temporary increase termination date is the earlier of—
December 31, 2018, or
the first December 31 after 2007 as of which there is—
no balance of repayable advances made to the Black Lung Disability Trust Fund, and
no unpaid interest on such advances.
(Added Pub. L. 95–227, § 2(a),Feb. 10, 1978, 92 Stat. 11; amended Pub. L. 97–119, title I, § 102(a),Dec. 29, 1981, 95 Stat. 1635; Pub. L. 99–272, title XIII, § 13203(a), (c),Apr. 7, 1986, 100 Stat. 312, 313; Pub. L. 99–514, title XVIII, § 1897(a),Oct. 22, 1986, 100 Stat. 2941; Pub. L. 100–203, title X, § 10503,Dec. 22, 1987, 101 Stat. 1330–446; Pub. L. 110–343, div. B, title I, § 113(a),Oct. 3, 2008, 122 Stat. 3824.)
2008—Subsec. (e)(2)(A). Pub. L. 110–343, § 113(a)(1), substituted “December 31, 2018” for “January 1, 2014”.
Subsec. (e)(2)(B). Pub. L. 110–343, § 113(a)(2), substituted “December 31 after 2007” for “January 1 after 1981” in introductory provisions.
1987—Subsec. (e)(2)(A). Pub. L. 100–203substituted “2014” for “1996”.
1986—Subsec. (a). Pub. L. 99–272, § 13203(a), amended subsec. (a) generally. Prior to amendment subsec. (a) read as follows: “There is hereby imposed on coal sold by the producer a tax at the rates of—
Subsec. (b). Pub. L. 99–514struck out “, in the case of sales during any calendar year beginning after December 31, 1985” after “subsection (a)”.
Pub. L. 99–272, § 13203(a), amended subsec. (b) generally. Prior to amendment subsec. (b), limitation on tax, read as follows: “The amount of the tax imposed by subsection (a) with respect to a ton of coal shall not exceed 2 percent of the price at which such ton of coal is sold by the producer.”
Subsec. (e). Pub. L. 99–272, § 13203(c), substituted “Reduction in amount of tax” for “Temporary increase in amount of tax” in heading and amended par. (1) generally. Prior to amendment par. (1) read as follows: “Effective with respect to sales after December 31, 1981, and before the temporary increase termination date—
1981—Subsec. (e). Pub. L. 97–119added subsec. (e).
Pub. L. 99–514, title XVIII, § 1897(b),Oct. 22, 1986, 100 Stat. 2941, provided that: “The amendment made by subsection (a) [amending this section] shall take effect as if included in the amendment made by section 13203 of the Consolidated Omnibus Budget Reconciliation Act of 1985 [section 13203 ofPub. L. 99–272, see note below].”
Pub. L. 99–272, title XIII, § 13203(d),Apr. 7, 1986, 100 Stat. 313, provided that: “The amendments made by this section [amending this section] shall apply to sales after March 31, 1986.”
Pub. L. 97–119, title I, § 102(b),Dec. 29, 1981, 95 Stat. 1635, provided that: “The amendment made by subsection (a) [amending this section] shall apply to sales after December 31, 1981.”
Pub. L. 95–227, § 2(d),Feb. 10, 1978, 92 Stat. 12, provided that: “The amendments made by this section [enacting this section and amending sections 4218, 4221, 4293, and 6416 of this title] shall apply with respect to sales after March 31, 1978.”
Pub. L. 95–227, § 5,Feb. 10, 1978, 92 Stat. 24, provided that: “Notwithstanding any other provision of this Act [see Short Title of 1978 Amendment note set out under section 1 of this title] to the contrary, no provision of this Act (including any amendment made by any such provision) shall take effect or apply unless an Act, enacted after the date of enactment of this Act [Feb. 10, 1978], contains a provision, explicitly in satisfaction of the requirements of this section, which states that it is the intent of the Congress that the provisions of this Act shall take effect.”
[Pub. L. 95–239, § 20(c),Mar. 1, 1978, 92 Stat. 106, provided that: “In accordance with the requirements of section 5 of the Black Lung Benefits Revenue Act of 1977 [Pub. L. 95–227, set out above], it is hereby provided that such Act shall take effect in accordance with the provisions of such Act. The provisions of this subsection are hereby deemed to be in explicit satisfaction of the requirements of section 5 of such Act.”]
Pub. L. 110–343, div. B, title I, § 114,Oct. 3, 2008, 122 Stat. 3826, provided that:
“(A) In general.—Notwithstanding subsections (a)(1) and (c) ofsection 6416 and section 6511 of the Internal Revenue Code of 1986, if—
“(2) Exporters.—Notwithstanding subsections (a)(1) and (c) ofsection 6416 and section 6511 of the Internal Revenue Code of 1986, and a judgment described in paragraph (1)(B)(iii) of this subsection, if—