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26 U.S.C. § 6430 — Treatment of tax imposed at Leaking Underground Storage Tank Trust Fund financing rate
Federal law — U.S. Code and appendices · legal_authorities
No refunds, credits, or payments shall be made under this subchapter for any tax imposed at the Leaking Underground Storage Tank Trust Fund financing rate, except in the case of fuels—
(1) which are exempt from tax under section 4081(a) by reason of section 4082(f)(2),
(2) which are exempt from tax under section 4041(d) by reason of the last sentence of paragraph (5) thereof,
(3) with respect to which the rate increase under section 4081(a)(2)(B) is zero by reason of section 4082(e)(2), or
(4) which are removed as eligible indelibly dyed diesel fuel or kerosene under section 6435.
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Stable record: federal_law:legal_authorities:record_usc_7c310a579ad617cfc090edd4
Source file: Laws/federal/codes/united-states-code/title-26/section-6430-treatment-of-tax-imposed-at-leaking-underground-storage-tank-trust-fund--cc17a845c8.md
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Source location: Title 26, Chapter 65, § 6430; chapter-065-abatements-credits-and-refunds.md
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No refunds, credits, or payments shall be made under this subchapter for any tax imposed at the Leaking Underground Storage Tank Trust Fund financing rate, except in the case of fuels—
(1) which are exempt from tax under section 4081(a) by reason of section 4082(f)(2),
(2) which are exempt from tax under section 4041(d) by reason of the last sentence of paragraph (5) thereof,
(3) with respect to which the rate increase under section 4081(a)(2)(B) is zero by reason of section 4082(e)(2), or
(4) which are removed as eligible indelibly dyed diesel fuel or kerosene under section 6435.
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Federal law — U.S. Code and appendices · legal_authorities
Any portion of a refund made under section 6416(a)(4) and any portion of a payment made under section 6420, 6421, 6427, or 6435 which constitutes an excessive amount (as defined in section 6675(b)), and any civil penalty provided by section 6675, may be assessed and collected as if it were a tax imposed by section 4081 (with respect to refunds under section 6416(a)(4) and payments under sections 6420, 6421, and 6435), or 4041 or 4081 (with respect to payments under section 6427) and as if the person who made the claim were liable for such tax. The period for assessing any such portion, and for assessing any such penalty, shall be 3 years from the last day prescribed for the filing of the claim under section 6416(a)(4), 6420, 6421, 6427, or 6435, as the case may be.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6206
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Diesel fuel and special motor fuels**
(1) **Tax on diesel fuel and kerosene in certain cases**
(A) *In general* — There is hereby imposed a tax on any liquid other than gasoline (as defined in section 4083)—
(i) sold by any person to an owner, lessee, or other operator of a diesel-powered highway vehicle or a diesel-powered train for use as a fuel in such vehicle or train, or
(ii) used by any person as a fuel in a diesel-powered highway vehicle or a diesel-powered train unless there was a taxable sale of such fuel under clause (i).
(B) *Exemption for previously taxed fuel* — No tax shall be imposed by this paragraph on the sale or use of any liquid if tax was imposed on such liquid under section 4081 (other than such tax at the Leaking Underground Storage Tank Trust Fund financing rate) and the tax thereon was not credited or refunded.
(C) *Rate of tax*
(i) *In general* — Except as otherwise provided in this subparagraph, the rate of the tax imposed by this paragraph shall be the rate of tax specified in section 4081(a)(2)(A) on diesel fuel which is in effect at the time of such sale or use.
(ii) *Rate of tax on trains* — In the case of any sale for use, or use, of diesel fuel in a train, the rate of tax imposed by this paragraph shall be—
(I) 3.3 cents per gallon after December 31, 2004, and before July 1, 2005,
(II) 2.3 cents per gallon after June 30, 2005, and before January 1, 2007, and
(III) 0 after December 31, 2006.
(iii) *Rate of tax on certain buses*
(I) *In general* — Except as provided in subclause (II), in the case of fuel sold for use or used in a use described in section 6427(b)(1) (after the application of section 6427(b)(3)), the rate of tax imposed by this paragraph shall be 7.3 cents
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 4041
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Credit allowed** There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 30 percent (6 percent in the case of property of a character subject to depreciation) of the cost of any qualified alternative fuel vehicle refueling property placed in service by the taxpayer during the taxable year.
**(b) Limitation** The credit allowed under subsection (a) with respect to any single item of qualified alternative fuel vehicle refueling property placed in service by the taxpayer during the taxable year shall not exceed—
(1) $100,000 in the case of any such item of property of a character subject to an allowance for depreciation, and
(2) $1,000 in any other case.
**(c) Qualified alternative fuel vehicle refueling property** For purposes of this section—
(1) **In general** — The term “qualified alternative fuel vehicle refueling property” has the same meaning as the term “qualified clean-fuel vehicle refueling property” would have under section 179A if—
(A) paragraph (1) of section 179A(d) did not apply to property installed on property which is used as the principal residence (within the meaning of section 121) of the taxpayer, and
(B) only the following were treated as clean-burning fuels for purposes of section 179A(d):
(i) Any fuel at least 85 percent of the volume of which consists of one or more of the following: ethanol, natural gas, compressed natural gas, liquified natural gas, liquefied petroleum gas, or hydrogen.
(ii) Any mixture—
(I) which consists of two or more of the following: biodiesel (as defined in section 40A(d)(1)), diesel fuel (as defined in section 4083(a)(3)), or kerosene, and
(II) at least 20 percent of the volume of which consists of biodiesel (as so defined)
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 30C
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Addition to the tax** Except as otherwise provided in this section, in the case of any underpayment of estimated tax by an individual, there shall be added to the tax under chapter 1, the tax under chapter 2, and the tax under chapter 2A for the taxable year an amount determined by applying—
(1) the underpayment rate established under section 6621,
(2) to the amount of the underpayment,
(3) for the period of the underpayment.
**(b) Amount of underpayment; period of underpayment** For purposes of subsection (a)—
(1) **Amount** — The amount of the underpayment shall be the excess of—
(A) the required installment, over
(B) the amount (if any) of the installment paid on or before the due date for the installment.
(2) **Period of underpayment** — The period of the underpayment shall run from the due date for the installment to whichever of the following dates is the earlier—
(A) the 15th day of the 4th month following the close of the taxable year, or
(B) with respect to any portion of the underpayment, the date on which such portion is paid.
(3) **Order of crediting payments** — For purposes of paragraph (2)(B), a payment of estimated tax shall be credited against unpaid required installments in the order in which such installments are required to be paid.
**(c) Number of required installments; due dates** For purposes of this section—
(1) **Payable in 4 installments** — There shall be 4 required installments for each taxable year.
(2) **Time for payment of installments** — In the case of the following required installments:The due date is: 1stApril 15 2ndJune 15 3rdSeptember 15 4thJanuary 15 of the following taxable year.
**(d) Amount of required installments** For purposes of this section—
(1) **Amount**
(A) *In general* — Except as provid
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6654
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Federal law — U.S. Code and appendices · legal_authorities
Page 3682
TITLE 26—INTERNAL REVENUE CODE
[§ 6429
retary to make payments to such taxpayers
under subsection (g) (including the determina-
tion of the amount of such payment) if such
information is not otherwise available to the
Secretary, and
(2) regulations or other guidance to ensure
to the maximum extent administratively prac-
ticable that, in determining the amount of
any credit under subsection (a) and any credit
or refund under subsection (g), an individual is
not taken into account more than once, in-
cluding by different taxpayers and including
by reason of a change in joint return status or
dependent status between the taxable year for
which an advance refund amount is deter-
mined and the taxable year for which a credit
under subsection (a) is determined.
(i) Outreach
The Secretary shall carry out a robust and
comprehensive outreach program to ensure that
all taxpayers described in subsection (h)(1) learn
of their eligibility for the advance refunds and
credits under subsection (g); are advised of the
opportunity to receive such advance refunds and
credits as provided under subsection (h)(1); and
are provided assistance in applying for such ad-
vance refunds and credits.
(Added Pub. L. 117–2, title IX, § 9601(a), Mar. 11,
2021, 135 Stat. 138.)
Statutory Notes and Related Subsidiaries
TREATMENT OF CERTAIN POSSESSIONS
Pub. L. 117–2, title IX, § 9601(b), Mar. 11, 2021, 135 Stat.
142, provided that:
‘‘(1) PAYMENTS TO POSSESSIONS WITH MIRROR CODE TAX
SYSTEMS.—The Secretary of the Treasury shall pay to
each possession of the United States which has a mir-
ror code tax system amounts equal to the loss (if any)
to that possession by reason of the amendments made
by this section. Such amounts shall be determined by
the Secretary of the T
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 6430
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.