Source: http://taxtv.com/code/01704-USCODE-2011-title26-subtitleF-chap65-subchapB-sec6426/
Timestamp: 2017-06-28 22:31:05
Document Index: 220868019

Matched Legal Cases: ['§6426', '§6426', '§6426', '§301', '§1344', '§11113', '§5', '§15331', '§4', '§15331', '§202', '§701', '§206', '§1906', '§280', '§708', '§701', '§704', '§704', '§704', '§15331', '§15331', '§202', '§202', '§204', '§204', '§204', '§204', '§5', '§11113', '§11113', '§111', '§704', '§708', '§204', '§5', '§701', '§704', '§6426']

IRC §6426. Credit for alcohol fuel, biodiesel, and alternative fuel mixtures - TaxTV.com
IRC §6426. Credit for alcohol fuel, biodiesel, and alternative fuel mixtures
View related content: IRC §6426	Table of ContentsPREVNEXT
There shall be allowed as a credit—
Except as provided in subparagraphs (B) and (C), the applicable amount is—
(i) in the case of calendar years beginning before 2009, cents, and
(ii) in the case of calendar years beginning after 2008, 45 cents..1
In the case of any calendar year beginning after 2008, if the Secretary makes a determination described in section 40(h)(3)(B) with respect to all preceding calendar years beginning after 2007, subparagraph (A)(ii) shall be applied by substituting “ cents” for “45 cents”.
For purposes of this subsection, the term “alcohol fuel mixture” means a mixture of alcohol and a taxable fuel which—
The term “taxable fuel” has the meaning given such term by section 4083(a)(1).
For purposes of this section, the term “biodiesel mixture” means a mixture of biodiesel and diesel fuel (as defined in section 4083(a)(3)), determined without regard to any use of kerosene, which—
For purposes of this section, the term “alternative fuel” means—
For purposes of this subsection, the term “gasoline gallon equivalent” means, with respect to any nonliquid alternative fuel, the amount of such fuel having a Btu content of 124,800 (higher heating value).
The requirements of this paragraph are met if the fuel is certified, under such procedures as required by the Secretary, as having been derived from coal produced at a gasification facility which separates and sequesters not less than the applicable percentage of such facility’s total carbon dioxide emissions.
For purposes of subparagraph (A), the applicable percentage is—
This subsection shall not apply to any sale or use for any period after December 31, 2011 (September 30, 2014, in the case of any sale or use involving liquefied hydrogen).
For purposes of this section, the term “alternative fuel mixture” means a mixture of alternative fuel and taxable fuel (as defined in subparagraph (A), (B), or (C) of section 4083(a)(1)) which—
(Added Pub. L. 108–357, title III, §301(a), Oct. 22, 2004, 118 Stat. 1459; amended Pub. L. 109–58, title XIII, §1344(a), Aug. 8, 2005, 119 Stat. 1052; Pub. L. 109–59, title XI, §§11113(b)(1)–(3)(A), 111 (e)(2), Aug. 10, 2005, 119 Stat. 1947, 1948, 1969; Pub. L. 110–172, §5(a)(2), (3), Dec. 29, 2007, 121 Stat. 2479; Pub. L. 110–234, title XV, §§15331(b), 15332(b), May 22, 2008, 122 Stat. 1 6; Pub. L. 110–246, §4(a), title XV, §§15331(b), 15332(b), June 18, 2008, 122 Stat. 1664, 2278; Pub. L. 110–343, div. B, title II, §§202(a), (b)(2), 203(c)(1), 204(a)(1), (2), (b), (c), Oct. 3, 2008, 122 Stat. 3832, 3834; Pub. L. 111–312, title VII, §§701(b)(1), 704(a), (b), 708(b)(1), Dec. 17, 2010, 124 Stat. 3310–3312.)
A prior section 6426, added Pub. L. 91–258, title II, §206(c), May 21, 1970, 84 Stat. 245; amended Pub. L. 94–455, title XIX, §1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834, provided for a refund of aircraft use tax where plane transports for hire in foreign air commerce, prior to repeal by Pub. L. 97–248, title II, §280(c)(2)(G), (d), Sept. 3, 1982, 96 Stat. 564, 565, applicable with respect to transportation beginning after Aug. 31, 1982.
2010—Subsec. (b)(6). Pub. L. 111–312, §708(b)(1), substituted “December 31, 2011” for “December 31, 2010”.
Subsec. (c)(6). Pub. L. 111–312, §701(b)(1), substituted “December 31, 2011” for “December 31, 2009”.
Subsec. (d)(2). Pub. L. 111–312, §704(b), substituted “biodiesel, or any fuel (including lignin, wood residues, or spent pulping liquors) derived from the production of paper or pulp” for “or biodiesel” in concluding provisions.
Subsec. (d)(5). Pub. L. 111–312, §704(a), substituted “December 31, 2011” for “December 31, 2009”.
Subsec. (e)(3). Pub. L. 111–312, §704(a), substituted “December 31, 2011” for “December 31, 2009”.
2008—Subsec. (b)(2)(A). Pub. L. 110–246, §15331(b)(3), substituted “subparagraphs (B) and (C)” for “subparagraph (B)” in introductory provisions.
Pub. L. 110–246, §15331(b)(1), substituted “the applicable amount is—” for “the applicable amount is cents” and added cls. (i) and (ii).
Subsec. (c)(2). Pub. L. 110–343, §202(b)(2), amended par. (2) generally. Prior to amendment, text read as follows: “For purposes of this subsection—
“(A) In general.—Except as provided in subparagraph (B), the applicable amount is 50 cents.
“(B) Amount for agri-biodiesel.—In the case of any biodiesel which is agri-biodiesel, the applicable amount is $1.00.”
Subsec. (c)(6). Pub. L. 110–343, §202(a), substituted “December 31, 2009” for “December 31, 2008”.
Subsec. (d)(1). Pub. L. 110–343, §204(b)(2), inserted “sold by the taxpayer for use as a fuel in aviation,” after “motorboat,”.
Subsec. (d)(2)(E). Pub. L. 110–343, §204(c)(2), inserted “which meets the requirements of paragraph (4) and which is” after “any liquid fuel”.
Pub. L. 110–343, §204(a)(1), substituted “December 31, 2009” for “September 30, 2009”.
Subsec. (e)(3). Pub. L. 110–343, §204(a)(2), substituted “December 31, 2009” for “September 30, 2009”.
2007—Subsec. (d)(2)(F). Pub. L. 110–172, §5(a)(2), substituted “fuel” for “hydrocarbons”.
2005—Pub. L. 109–59, §11113(b)(3)(A), substituted “alcohol fuel, biodiesel, and alternative fuel” for “alcohol fuel and biodiesel” in section catchline.
Subsec. (a). Pub. L. 109–59, §11113(b)(1), reenacted heading without change and amended text of subsec. (a) generally. Prior to amendment, text read as follows: “There shall be allowed as a credit against the tax imposed by section 4081 an amount equal to the sum of—
“(1) the alcohol fuel mixture credit, plus
“(2) the biodiesel mixture credit.”
Subsec. (c)(6). Pub. L. 109–58 substituted “2008” for “2006”.
Subsec. (d)(2)(F). Pub. L. 109–59, §111 (e)(2), substituted “section 45K(c)(3)” for “section 29(c)(3)”.
Pub. L. 111–312, title VII, §704(d), Dec. 17, 2010, 124 Stat. 3311, provided that: “The amendments made by this section [amending this section and section 6427 of this title] shall apply to fuel sold or used after December 31, 2009.”
Pub. L. 111–312, title VII, §708(b)(2), Dec. 17, 2010, 124 Stat. 3312, provided that: “The amendment made by this subsection [amending this section] shall apply to periods after December 31, 2010.”
Pub. L. 110–343, div. B, title II, §204(d), Oct. 3, 2008, 122 Stat. 3835, provided that: “The amendments made by this section [amending this section and section 6427 of this title] shall apply to fuel sold or used after the date of the enactment of this Act [Oct. 3, 2008].”
Pub. L. 110–172, §5(b), Dec. 29, 2007, 121 Stat. 2479, provided that: “The amendments made by this section [amending this section and section 6427 of this title] shall take effect as if included in the provisions of the SAFETEA–LU [Pub. L. 109–59] to which they relate.”
Pub. L. 111–312, title VII, §701(c), Dec. 17, 2010, 124 Stat. 3310, provided that: “Notwithstanding any other provision of law, in the case of any biodiesel mixture credit properly determined under section 6426(c) of the Internal Revenue Code of 1986 for periods during 2010, such credit shall be allowed, and any refund or payment attributable to such credit (including any payment under section 6427(e) of such Code) shall be made, only in such manner as the Secretary of the Treasury (or the Secretary’s delegate) shall provide. Such Secretary shall issue guidance within 30 days after the date of the enactment of this Act [Dec. 17, 2010] providing for a one-time submission of claims covering periods during 2010. Such guidance shall provide for a 180-day period for the submission of such claims (in such manner as prescribed by such Secretary) to begin not later than 30 days after such guidance is issued. Such claims shall be paid by such Secretary not later than 60 days after receipt. If such Secretary has not paid pursuant to a claim filed under this subsection within 60 days after the date of the filing of such claim, the claim shall be paid with interest from such date determined by using the overpayment rate and method under section 6621 of such Code.”
Pub. L. 111–312, title VII, §704(c), Dec. 17, 2010, 124 Stat. 3311, provided that: “Notwithstanding any other provision of law, in the case of any alternative fuel credit or any alternative fuel mixture credit properly determined under subsection (d) or (e) of section 6426 of the Internal Revenue Code of 1986 for periods during 2010, such credit shall be allowed, and any refund or payment attributable to such credit (including any payment under section 6427(e) of such Code) shall be made, only in such manner as the Secretary of the Treasury (or the Secretary’s delegate) shall provide. Such Secretary shall issue guidance within 30 days after the date of the enactment of this Act [Dec. 17, 2010] providing for a one-time submission of claims covering periods during 2010. Such guidance shall provide for a 180-day period for the submission of such claims (in such manner as prescribed by such Secretary) to begin not later than 30 days after such guidance is issued. Such claims shall be paid by such Secretary not later than 60 days after receipt. If such Secretary has not paid pursuant to a claim filed under this subsection within 60 days after the date of the filing of such claim, the claim shall be paid with interest from such date determined by using the overpayment rate and method under section 6621 of such Code.”
View related content: IRC §6426