§ 34 - Credit for Special Uses of Gasoline
Tax Code Section Number
Year the provision went into effect
Public Law 89-44, Section 809(c), redesignated § 39 as §40 and added new § 39, effective for tax years beginning on or after 7/1/65.
Does the provision sunset or expire? If so, when?
No statutory expiration.
This section makes available a credit equal to the sum of three subordinate credits:
- § 6420, for gasoline used on farms,
- § 6421, for gasoline used for nonhighway purposes, by local transit systems, or sold for certain tax exempt purposes, and
- § 6427, for fuels used for nontaxable purposes.
This credit is essentially a reimbursement for federal excise taxes paid on gasoline and special fuels when the fuel has been used for farming purposes, for other off-highway business use, and for public transportation purposes.
[Give a brief explanation of the legislative history of the item.]
Tax Code Text
Section 34 at the Legal Information Institute of Cornell Law School (current as of June 2011). http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000034----000-.html
Related Treasury Regulation
There is currently one regulation for Section 34: Regulation § 1.34-1 http://edocket.access.gpo.gov/cfr_2009/aprqtr/pdf/26cfr1.34-1.pdf
[Please list all Revenue Rulings, Revenue Procedures, Tax Court Memorandum Decisions, Private Letter Rulings, etc.]
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