applicable percentage

(C)For purposes of subparagraph (A), the term “applicable percentage” means the percentage (not greater than 25 percent) equal to the sum of— (i)15 percent, plus (ii)1 percentage point for each whole dollar by which $20 exceeds the reference price for crude oil for the calendar year preceding the calendar year in which the taxable year begins.

Source

26 USC § 613A(c)(6)(C)


Scoping language

For purposes of subparagraph
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