Sec. 5051. Clarification of tar sands as crude oil for excise tax purposes
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/bill/114/s/2089/pcs/section-5051·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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(1)of section 4612(a) is amended to read as follows: The term crude oil includes crude oil condensates, natural gasoline, synthetic petroleum, any bitumen or bituminous mixture, any oil derived from a bitumen or bituminous mixture, and any oil derived from kerogen-bearing sources. . Paragraph
(2)of section 4612(a) is amended by striking from a well located . The amendments made by this section shall apply to oil and petroleum products received, entered, used, or exported during calendar quarters beginning more than 60 days after the date of the enactment of this Act.