Source: http://www.law.cornell.edu/cfr/text/26/48.6427-9?quicktabs_7=1
Timestamp: 2014-10-01 07:25:00
Document Index: 680106325

Matched Legal Cases: ['art 48', '§ 48', '§ 48', '§ 48', '§ 48', '§ 48', '§ 48', '§ 48', '§ 48']

26 CFR 48.6427-9 - Diesel fuel and kerosene; claims by registered ultimate vendors (farming and State use). | LII / Legal Information Institute
CFR › Title 26 › Chapter I › Subchapter D › Part 48 › Subpart O › Section 48.6427-9 26 CFR 48.6427-9 - Diesel fuel and kerosene; claims by registered ultimate vendors (farming and State use).
§ 48.6427-9
Diesel fuel and kerosene; claims by registered ultimate vendors (farming and State use).
This section provides rules under which certain registered ultimate vendors of taxed diesel fuel and kerosene may claim the income tax credits or payments allowed by section 6427(l)(5)(A). These claims relate to diesel fuel and kerosene sold for use on a farm for farming purposes and by a State. Claims relating to diesel fuel and kerosene used for other nontaxable purposes are made by ultimate purchasers under § 48.6427-8; claims relating to kerosene sold from a blocked pump are made by registered ultimate vendors (blocked pump) under § 48.6427-10; and claims relating to kerosene sold during certain periods of extreme cold for blending with diesel fuel to be used for heating purposes are made by registered ultimate vendors (blending) under § 48.6427-11.
An ultimate vendor, as used in this section, is a person that sells undyed diesel fuel or undyed kerosene to—
The owner, tenant, or operator of a farm for use by such person on a farm for farming purposes (as defined in § 48.6420-4);
A person other than the owner, tenant, or operator of a farm for use by such person for any of the purposes described in § 48.6420-4(d) (relating to cultivating, raising, or harvesting); or
Any State for its exclusive use.
A registered ultimate vendor is an ultimate vendor that is registered under section 4101 as an ultimate vendor.
A claim for an income tax credit or payment with respect to diesel fuel or kerosene is allowed by section 6427(l)(5)(A) only if—
The claimant sold the diesel fuel or kerosene to—
Any State for its exclusive use;
The claimant is a registered ultimate vendor; and
Each claim for credit or payment under this section must contain the following information with respect to all the diesel fuel or kerosene covered by the claim:
The name and taxpayer identification number of each person that bought diesel fuel or kerosene from the claimant in a transaction described in paragraph (c)(2) of this section and the number of gallons that the claimant sold to that person.
A statement that the claimant—
Has not included the amount of the tax in its sales price of the diesel fuel or kerosene and has not collected the amount of tax from its buyer;
Has repaid the amount of the tax to the ultimate purchaser of the fuel; or
The certificate to be provided to the ultimate vendor consists of a statement that is signed under penalties of perjury by a person with authority to bind the buyer, is in substantially the same form as the model certificate provided in paragraph (e)(2)(ii) of this section, and contains all information necessary to complete such model certificate. A new certificate must be given if any information in the current certificate changes. The certificate may be included as part of any business records normally used to document a sale. The certificate expires on the earlier of the following dates:
The date one year after the effective date of the certificate.
Certificate of Farming Use or State Use
(To support vendor's claim for a credit or payment under section 6427 of the Internal Revenue Code.)
Buyer will use the diesel fuel or kerosene to which this certificate relates—(check one)
___ On a farm for farming purposes (as defined in § 48.6420-4(c) of the Manufacturers and Retailers Excise Tax Regulations) and Buyer is the owner, tenant, or operator of the farm on which the fuel will be used;
___ On a farm (as defined in § 48.6420-4(c)) for any of the purposes described in paragraph (d) of that section (relating to cultivating, raising, or harvesting) and Buyer is a person that is not the owner, tenant, or operator of the farm on which the fuel will be used; or
___ For the exclusive use of a State or local government, or the District of Columbia.
2. ___ (number of gallons)
2. Expiration date ___ (period not to exceed 1 year after the effective date)
3. Buyer account or order number ___
If Buyer uses the diesel fuel or kerosene to which this certificate relates for a purpose other than stated in the certificate Buyer will be liable for tax.
[T.D. 8659, 61 FR 10464, Mar. 14, 1996, as amended by T.D. 8879, 65 FR 17161, Mar. 31, 2000]