§4681. Imposition of tax — Inbound Citations
26 U.S.C. § 4681
Cited by 5 provisions in release 119-102.
Citations to 26 U.S.C. § 4681 as a whole
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(1) No tax shall be imposed by section 4681 on any ozone-depleting chemical which is diverted or recovered in the United States as part of a recycling process (and not as part of the original manufacturing or production process), or on any recycled Halon-1301 or recycled Halon-2402 imported from any country which is a signatory to the Montreal Protocol on Substances that Deplete the Ozone Layer.
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(A) No tax shall be imposed by section 4681—(i) on the use of any ozone-depleting chemical in the manufacture or production of any other chemical if the ozone-depleting chemical is entirely consumed in such use,(ii) on the sale by the manufacturer, producer, or importer of any ozone-depleting chemical—(I) for a use by the purchaser which meets the requirements of clause (i), or(II) for resale by the purchaser to a second purchaser for a use by the second purchaser which meets the requirements of clause (i).Clause (ii) shall apply only if the manufacturer, producer, and importer, and the 1st and 2d purchasers (if any), meet such registration requirements as may be prescribed by the Secretary.
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(A) No tax shall be imposed by section 4681 on—(i) any use of any substance as a propellant in metered-dose inhalers, or(ii) any qualified sale by the manufacturer, producer, or importer of any substance.
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(i) the tax which would be imposed under section 4681 on such substance if the sale of such chemical by the manufacturer, producer, or importer thereof had occurred on the tax-increase date, over
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(3) All other provisions of law, including penalties, applicable with respect to the taxes imposed by section 4681 shall apply to the floor stocks taxes imposed by this subsection.