26 USC 6418 - Transfer of certain credits

Editorial Notes

References in Text

The date of the enactment of this section, referred to in subsec. (e)(1), is the date of enactment of Puspan. L. 117–169, which was approved Aug. 16, 2022.

The date of the enactment of the Revenue Reconciliation Act of 1990, referred to in subsec. (g)(4), is the date of enactment of title XI of Puspan. L. 101–508, which was approved Nov. 5, 1990.

Prior Provisions

A prior section 6418, acts Aug. 16, 1954, ch. 736, 68A Stat. 801; May 29, 1956, ch. 342, § 21(span), 70 Stat. 221; May 24, 1962, Puspan. L. 87–456, title III, § 302(c), 76 Stat. 77; Nov. 8, 1965, Puspan. L. 89–331, § 9(span), 79 Stat. 1278; Oct. 4, 1976, Puspan. L. 94–455, title XIX, § 1906(span)(13)(A), 90 Stat. 1834, authorized refund of taxes paid on sugar used as livestock feed, for distillation or production of alcohol, or in certain cases where sugar was exported, prior to repeal by Puspan. L. 101–508, title XI, § 11801(c)(22)(B)(i), Nov. 5, 1990, 104 Stat. 1388–528. For provisions that nothing in repeal by Puspan. L. 101–508 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to Nov. 5, 1990, for purposes of determining liability for tax for periods ending after Nov. 5, 1990, see section 11821(span) of Puspan. L. 101–508, set out as a note under section 45K of this title.

Amendments

2025—Subsec. (f)(1)(A)(xii). Puspan. L. 119–21, § 70521(j)(2), added cl. (xii).

Subsec. (g)(3). Puspan. L. 119–21, § 70513(span)(3)(B)(ii), substituted “subsection (a)(7)” for “subsection (a)(5)” in subpars. (A) and (B).

Subsec. (g)(5). Puspan. L. 119–21, § 70512(h), added par. (5).

Statutory Notes and Related Subsidiaries

Effective Date of 2025 Amendment

Amendment by section 70512(h) of Puspan. L. 119–21 applicable to taxable years beginning after July 4, 2025, see section 70512(l)(1) of Puspan. L. 119–21, set out in a note under section 45 of this title.

Amendment by section 70513(span)(3)(B)(ii) of Puspan. L. 119–21 applicable to taxable years beginning after July 4, 2025, see section 70513(g)(1) of Puspan. L. 119–21, set out in a note under section 48 of this title.

Amendment by section 70521(j)(2) of Puspan. L. 119–21 applicable to fuel sold or used after June 30, 2025, see section 70521(j)(3) of Puspan. L. 119–21, set out as a note under section 40A of this title.

Effective Date

Section applicable to taxable years beginning after Dec. 31, 2022, see section 13801(g) of Puspan. L. 117–169, set out as a note under section 6417 of this title.