26 U.S.C. § 34

§ 34. Certain uses of gasoline and special fuels

113 words · amended 14 times · cited by 14 other sections

Compare on Cornell LII Official XML (House)

No plain-English explainer yet. Below is the official text. Explainers are being added section by section.

The law as written

Current through Public Law 119-102. Amendment notes omitted.

Structure

(a) General rule
(b) Exception

(a) General rule

There shall be allowed as a credit against the tax imposed by this subtitle for the taxable year an amount equal to the sum of the amounts payable to the taxpayer—

(1)

under section 6420 (determined without regard to section 6420(g)),

(2)

under section 6421 (determined without regard to section 6421(i)), and

(3)

under section 6427 (determined without regard to section 6427(k)).

(b) Exception

Credit shall not be allowed under subsection (a) for any amount payable under section 6421 or 6427, if a claim for such amount is timely filed and, under section 6421(i) or 6427(k), is payable under such section.