Sec. 342. EXCISE TAX CREDIT EQUIVALENCY FOR LIQUIFIED PETROLEUM GAS AND LIQUIFIED NATURAL GAS
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## SEC. 342 EXCISE TAX CREDIT EQUIVALENCY FOR LIQUIFIED PETROLEUM GAS AND LIQUIFIED NATURAL GAS ###
(a)In General **[**[26 U.S.C. 6426](/us/usc/t26/s6426)**]** Section 6426 is amended by adding at the end the following new subsection: > > ### “(j) Energy Equivalency Determinations for Liquefied Petroleum Gas and Liquefied Natural Gas > > For purposes of determining any credit under this section, any reference to the number of gallons of an alternative fuel or the gasoline gallon equivalent of such a fuel shall be treated as a reference to— > > > #### “(1) > > in the case of liquefied petroleum gas, the energy equivalent of a gallon of gasoline, as defined in section 4041(a)(2)(C), and > > > #### “(2) > > in the case of liquefied natural gas, the energy equivalent of a gallon of diesel, as defined in section 4041(a)(2)(D).” > . ###
(b)Effective Date **[**[26 U.S.C. 6426 note](/us/usc/t26/s6426)**]** The amendments made by this section shall apply to fuel sold or used after December 31, 2015.
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Sec. 342
EXCISE TAX CREDIT EQUIVALENCY FOR LIQUIFIED PETROLEUM GAS AND LIQUIFIED NATURAL GAS
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