26 U.S.C. § 4681 — Imposition of tax
submitted 37 years ago by Pub. L. 101-239 to r/title-26-INTERNAL-REVENUE-CODE · 212 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
There is hereby imposed a tax on—
any ozone-depleting chemical* sold or used by the manufacturer, producer, or importer* thereof, and
any imported taxable product* sold or used by the importer thereof.
The amount of the tax imposed by subsection (a) on each pound of ozone-depleting chemical shall be an amount equal to—
the base tax amount, multiplied by
the ozone-depletion factor* for such chemical.
The base tax amount for purposes of subparagraph (A) with respect to any sale or use during any calendar year after 1995 shall be $5.35 increased by 45 cents for each year after 1995.
The amount of the tax imposed by subsection (a) on any imported taxable product shall be the amount of tax which would have been imposed by subsection (a) on the ozone-depleting chemicals used as materials in the manufacture or production of such product if such ozone-depleting chemicals had been sold in the United States* on the date of the sale of such imported taxable product.
Rules similar to the rules of paragraphs (2) and (3) of section 4671(b) shall apply.
Source credit: (Added Pub. L. 101–239, title VII, § 7506(a), Dec. 19, 1989, 103 Stat. 2364; amended Pub. L. 101–508, title XI, § 11203(c), Nov. 5, 1990, 104 Stat. 1388–422; Pub. L. 102–486, title XIX, § 1931(a), Oct. 24, 1992, 106 Stat. 3029; Pub. L. 105–34, title XIV, § 1432(c)(1), Aug. 5, 1997, 111 Stat. 1050.)
- 1989Enacted · Pub. L. 101-239 · 103 Stat. 2364
- 1990Amended · Pub. L. 101-508 · 104 Stat. 1388
- 1992Amended · Pub. L. 102-486 · 106 Stat. 3029
- 1997Amended · Pub. L. 105-34 · 111 Stat. 1050
A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-239 on 1989-12-19.
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