26Title 26The US tax code, read & explained

26 U.S.C. § 34

§ 34. Certain uses of gasoline and special fuels

113 words · amended 13 times · cited by 14 other sections

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No plain-English explainer yet. Below is the official text. Explainers are being added section by section.

History

Added in 1965 by the Public Law 89-44. Last changed December 29, 2007 by the Public Law 110-172.

Every change, newest first (14)
  1. December 29, 2007Public Law 110-172
  2. July 22, 1998IRS Restructuring and Reform Act of 1998
  3. August 20, 1996Small Business Job Protection Act of 1996
  4. November 10, 1988Technical and Miscellaneous Revenue Act of 1988
  5. October 22, 1986Tax Reform Act of 1986
  6. July 18, 1984Deficit Reduction Act of 1984
  7. January 6, 1983Public Law 97-424
  8. April 2, 1980Public Law 96-223
  9. November 9, 1978Public Law 95-618
  10. November 6, 1978Public Law 95-599
  11. October 17, 1976Public Law 94-530
  12. October 4, 1976Tax Reform Act of 1976
  13. May 21, 1970Public Law 91-258
  14. June 21, 1965Public Law 89-44 · added this section

The law as written

Current through Public Law 119-102. Amendment notes omitted.

Structure

  1. (a) General rule
  2. (b) Exception
(a) General rule

There shall be allowed as a credit against the tax imposed by this subtitle for the taxable year an amount equal to the sum of the amounts payable to the taxpayer—

(1)

under section 6420 (determined without regard to section 6420(g)),

(2)

under section 6421 (determined without regard to section 6421(i)), and

(3)

under section 6427 (determined without regard to section 6427(k)).

(b) Exception

Credit shall not be allowed under subsection (a) for any amount payable under section 6421 or 6427, if a claim for such amount is timely filed and, under section 6421(i) or 6427(k), is payable under such section.