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27 CFR 70.266

§ 70.266 Credit against barred liability.

United States · 27 CFR — Alcohol, Tobacco Products and Firearms · Status: effective

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27 CFR 70.266, § 70.266 Credit against barred liability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/118693
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Full text

Any credit against a liability in respect of any taxable year shall be void if the collection of such liability would be barred by the applicable statute of limitations at the time such credit is made.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.