26 U.S.C. § 4121
§ 4121. Imposition of tax
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 1978 by the Public Law 95-227. Last changed August 16, 2022 by the Inflation Reduction Act of 2022.
Every change, newest first (9)
- August 16, 2022Inflation Reduction Act of 2022
- December 27, 2020Consolidated Appropriations Act, 2021
- December 20, 2019Further Consolidated Appropriations Act, 2020 (SECURE Act)
- October 3, 2008Emergency Economic Stabilization Act of 2008
- December 22, 1987Omnibus Budget Reconciliation Act of 1987
- October 22, 1986Tax Reform Act of 1986
- April 7, 1986Public Law 99-272
- December 29, 1981Public Law 97-119
- February 10, 1978Public Law 95-227 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
Structure
There is hereby imposed on coal from mines located in the United States sold by the producer, a tax equal to the rate per ton determined under subsection (b).
The amount of the tax imposed by paragraph (1) with respect to a ton of coal shall not exceed the applicable percentage (determined under subsection (b)) of the price at which such ton of coal is sold by the producer.
For purposes of subsection (a)—
the rate of tax on coal from underground mines shall be $1.10,
the rate of tax on coal from surface mines shall be $.55, and
the applicable percentage shall be 4.4 percent.
The tax imposed by subsection (a) shall not apply in the case of lignite.
For purposes of this subchapter—
Coal shall be treated as produced from a surface mine if all of the geological matter above the coal being mined is removed before the coal is extracted from the earth. Coal extracted by auger shall be treated as coal from a surface mine.
Coal shall be treated as produced from an underground mine if it is not produced from a surface mine.
The term “United States” has the meaning given to it by paragraph (1) of section 638.
The term “ton” means 2,000 pounds.