26 USC 4681 - Imposition of tax

U.S Code last checked for updates: May 17, 2024

§ 4681.

Imposition of tax

(a)

General rule

There is hereby imposed a tax on—

(1)

any ozone-depleting chemical sold or used by the manufacturer, producer, or importer thereof, and

(2)

any imported taxable product sold or used by the importer thereof.

(b)

Amount of tax

(1)

Ozone-depleting chemicals

(A)

In general

The amount of the tax imposed by subsection (a) on each pound of ozone-depleting chemical shall be an amount equal to—

(i)

the base tax amount, multiplied by

(ii)

the ozone-depletion factor for such chemical.

(B)

Base tax amount

(2)

Imported taxable product

(A)

In general

(B)

Certain rules to apply

(Added Pub. L. 101–239, title VII, § 7506(a), Dec. 19, 1989, 103 Stat. 2364; amended Pub. L. 101–508, title XI, § 11203(c), Nov. 5, 1990, 104 Stat. 1388–422; Pub. L. 102–486, title XIX, § 1931(a), Oct. 24, 1992, 106 Stat. 3029; Pub. L. 105–34, title XIV, § 1432(c)(1), Aug. 5, 1997, 111 Stat. 1050.)

cite as: 26 USC 4681