Sec. 90412. Extension of excise tax credits relating to alternative fuels
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/bill/116/hr/2/rds/section-90412·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 6426(d)(1) is amended by striking 50 cents and inserting the applicable amount . Section 6426(d)(5) is amended to read as follows: For purposes of this subsection, the applicable amount is— 50 cents in the case of any sale or use for any period before January 1, 2023, 38 cents in the case of any sale or use for any period after December 31, 2022, and before January 1, 2024, 25 cents in the case of any sale or use for any period after December 31, 2023, and before January 1, 2025, and 17 cents in the case of any sale or use for any period after December 31, 2024, and before January 1, 2026.
This subsection shall not apply to any sale or use for any period after December 31, 2025. . Section 6426(e)(3) is amended by striking December 31, 2020 and inserting December 31, 2025 . Section 6426(e)(1) is amended by striking 50 cents and inserting the applicable amount (as defined in subsection (d)(5)(A)) . Section 6427(e)(6)(C) is amended by striking December 31, 2020 and inserting December 31, 2025 . The amendments made by this section shall apply to fuel sold or used after December 31, 2020.