Source: https://www.law.cornell.edu/uscode/text/26/45H
Timestamp: 2016-07-24 14:47:05
Document Index: 373560877

Matched Legal Cases: ['§ 45', '§\u202f45', '§\u202f339', '§\u202f7', '§\u202f7', '§\u202f7', '§\u202f7', '§\u202f7', '§\u202f7', '§\u202f7', '§\u202f7', '§\u202f7']

26 U.S. Code § 45H - Credit for production of low sulfur diesel fuel | US Law | LII / Legal Information Institute
§ 45H.
Credit for production of low sulfur diesel fuel
(1) In generalThe aggregate credit determined under subsection (a) for any taxable year with respect to any facility shall not exceed—
(c) Definitions and special ruleFor purposes of this section—
(1) Small business refinerThe term “small business refiner” means, with respect to any taxable year, a refiner of crude oil—
For purposes [1] this section and section 179B(b), in the calculation of average daily domestic refinery run or retained production, only refineries which on April 1, 2003, were refineries of the refiner or a related person (within the meaning of section 613A(d)(3)), shall be taken into account.
(4) Statute of limitationsWith respect to the credit allowed under this section—
(3) Special ruleIf the amount of a credit which has been apportioned to any patron under this subsection is decreased for any reason—
(Added Pub. L. 108–357, title III, § 339(a), Oct. 22, 2004, 118 Stat. 1481; amended Pub. L. 110–172, § 7(a)(1)(A), (2)(A), (3)(A), (B), Dec. 29, 2007, 121 Stat. 2481, 2482.)
2007—Subsec. (b)(1)(A). Pub. L. 110–172, § 7(a)(3)(A), substituted “qualified costs” for “qualified capital costs”.
Subsec. (c)(2). Pub. L. 110–172, § 7(a)(3)(B), struck out “capital” before “costs” in heading.
Pub. L. 110–172, § 7(a)(3)(A), substituted “qualified costs” for “qualified capital costs”.
Subsec. (d). Pub. L. 110–172, § 7(a)(1)(A), redesignated subsec. (e) as (d) and struck out heading and text of former subsec. (d). Text read as follows: “For purposes of this subtitle, if a credit is determined under this section for any expenditure with respect to any property, the increase in basis of such property which would (but for this subsection) result from such expenditure shall be reduced by the amount of the credit so determined.”
Subsec. (e). Pub. L. 110–172, § 7(a)(1)(A), redesignated subsec. (f) as (e). Former subsec. (e) redesignated (d).
Subsec. (e)(1), (2). Pub. L. 110–172, § 7(a)(3)(A), substituted “qualified costs” for “qualified capital costs”.
Subsec. (f). Pub. L. 110–172, § 7(a)(1)(A), redesignated subsec. (g) as (f). Former subsec. (f) redesignated (e).
Subsec. (g). Pub. L. 110–172, § 7(a)(2)(A), added subsec. (g). Former subsec. (g) redesignated (f).