26 U.S.C. § 4611
Imposition of tax
United States · Title 26 — INTERNAL REVENUE CODE · Status: effective
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- Citation
- 26 U.S.C. § 4611, Imposition of tax, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/463498
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Full text
There is hereby imposed a tax at the rate specified in subsection (c) on—
If—
Paragraph (1) shall not apply to any use of crude oil for extracting oil or natural gas on the premises where such crude oil was produced.
The rate of the taxes imposed by this section is the sum of—
For purposes of paragraph (1)—
the Oil Spill Liability Trust Fund financing rate is—
In the case of a year beginning after 2023, the amount in paragraph (2)(A) shall be increased by an amount equal to—
If any amount as adjusted under subparagraph (A) is not a multiple of $0.01, such amount shall be rounded to the next lowest multiple of $0.01.
The tax imposed by subsection (a)(1) shall be paid by the operator of the United States refinery.
The tax imposed by subsection (a)(2) shall be paid by the person entering the product for consumption, use, or warehousing.
The tax imposed by subsection (b) shall be paid by the person using or exporting the crude oil, as the case may be.
Except as provided in paragraph (2), the Oil Spill Liability Trust Fund financing rate under subsection (c) shall apply on and after April 1, 2006, or if later, the date which is 30 days after the last day of any calendar quarter for which the Secretary estimates that, as of the close of that quarter, the unobligated balance in the Oil Spill Liability Trust Fund is less than $2,000,000,000.
The Oil Spill Liability Trust Fund financing rate shall not apply after December 31, 2025.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- An act to provide for liability, compensation, cleanup, and emergency response for hazardous substances released into the environment and the cleanup of inactive hazardous waste disposal sites.House: no recorded tallySenate: no recorded tally
- Superfund Amendments and Reauthorization Act of 1986House: no recorded tallySenate: no recorded tally
- Omnibus Budget Reconciliation Act of 1986House: no recorded tallySenate: no recorded tally
- Technical and Miscellaneous Revenue Act of 1988House: no recorded tallySenate: no recorded tally
- Steel Trade Liberalization Program Implementation ActHouse: no recorded tallySenate: no recorded tally
- Omnibus Budget Reconciliation Act of 1989House: no recorded tallySenate: 87–7
- Omnibus Budget Reconciliation Act of 1990
- Energy Policy Act of 2005
- A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.
- Tax Increase Prevention Act of 2014
- Bipartisan Budget Act of 2018House: 240–186Senate: no recorded tally
- Further Consolidated Appropriations Act, 2020House: 297–120Senate: no recorded tally
- Consolidated Appropriations Act, 2021House: no recorded tallySenate: no recorded tally
- An act to provide for reconciliation pursuant to title II of S. Con. Res. 14.