Sec. 101. Tax-exempt financing of domestic use oil refinery facilities
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Subsection
(a)of section 142 of the Internal Revenue Code of 1986 (relating to exempt facility bond) is amended by striking or at the end of paragraph (14), by striking the period at the end of paragraph
(15)and inserting , or , and by inserting at the end the following new paragraph: domestic use oil refinery facilities. . Section 142 of such Code is amended by adding at the end the following new subsection: For purposes of subsection (a)(16), the term domestic use oil refinery facility means any facility in the United States— which processes liquid fuel from crude oil, and all of the output of which it is reasonably certain ultimate consumption will occur in the United States. In the case of a facility financed with bonds which would cease to be tax-exempt by reason of the failure to meet the domestic use requirement of this subsection, rules similar to the rules of subsection (f)(4) shall apply for purposes of this section. . The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.