26 USC § 87 - Alcohol and biodiesel fuels credits

USCPrelim is a preliminary release and may be subject to further revision before it is released again as a final version.

Current through Pub. L. 113-99. (See Public Laws for the current Congress.)

Gross income includes—

(1) the amount of the alcohol fuel credit determined with respect to the taxpayer for the taxable year under section 40 (a), and

(2) the biodiesel fuels credit determined with respect to the taxpayer for the taxable year under section 40A (a).

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Gross income includes—

(1) the amount of the alcohol fuel credit determined with respect to the taxpayer for the taxable year under section 40 (a), and

(2) the biodiesel fuels credit determined with respect to the taxpayer for the taxable year under section 40A (a).

Source

(Added Pub. L. 96–223, title II, § 232(c)(1),Apr. 2, 1980, 94 Stat. 276, § 86; renumbered § 87,Pub. L. 98–21, title I, § 121(a),Apr. 20, 1983, 97 Stat. 80; amended Pub. L. 98–369, div. A, title IV, § 474(r)(3),July 18, 1984, 98 Stat. 839; Pub. L. 108–357, title III, § 302(c)(1)(A),Oct. 22, 2004, 118 Stat. 1465.)

Amendments

2004—Pub. L. 108–357amended section catchline and text generally. Prior to amendment, text read as follows: “Gross income includes the amount of the alcohol fuel credit determined with respect to the taxpayer for the taxable year under section 40 (a).”

1984—Pub. L. 98–369amended section generally, substituting “the amount of the alcohol fuel credit determined with respect to the taxpayer for the taxable year under section 40 (a)” for “an amount equal to the amount of the credit allowable to the taxpayer under section 44E for the taxable year (determined without regard to subsection (e) thereof)”.

Effective Date of 2004 Amendment

Amendment by Pub. L. 108–357applicable to fuel produced, and sold or used, after Dec. 31, 2004, in taxable years ending after such date, see section 302(d) ofPub. L. 108–357, set out as a note under section 38 of this title.

Effective Date of 1984 Amendment

Amendment by Pub. L. 98–369applicable to taxable years beginning after Dec. 31, 1983, and to carrybacks from such years, see section 475(a) ofPub. L. 98–369, set out as a note under section 21 of this title.

Effective Date

Section applicable to sales or uses after Sept. 30, 1980, in taxable years ending after such date, see section 232(h)(1) ofPub. L. 96–223, set out as a note under section 40 of this title.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Friday, May 3, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

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"nt" means note.
"nt [tbl]" means note [table].
"prec" means preceding.
"fr" means a transfer from another section.
"to" means a transfer to another section.
"omitted" means the section is omitted.
"repealed" means the section is repealed.
"nt ed change" and "ed change" - See the Editorial Classification Change Table [pdf].

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General Reference

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26 USC	Description of Change	Session Year	Public Law	Statutes at Large

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26 USC § 87 - Alcohol and biodiesel fuels credits

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