Pub. L. 95-618 Nov. 9, 1978

92 Stat. 3191 · Changed 30 sections of the Code

Bill H.R. 5263

§ 34 Certain uses of gasoline and special fuels

  • (a)(3) Pub. L. 95–618 substituted “for certain nontaxable purposes” for “otherwise than in a highway motor vehicle”.

§ 46 Amount of credit

  • § 46 Pub. L. 95–618, § 301(a)(1), among other changes, inserted provisions relating to an alternative energy property tax…
  • § 46 Pub. L. 95–618, § 301(c)(1), added par. (10).
  • § 46 Pub. L. 95–618, § 301(a)(2)(A), substituted “For the period beginning on January 1, 1981, in the case of any property”…
  • § 46 Pub. L. 95–618, § 241(a), added par. (6).
  • § 46 Pub. L. 95–618, § 301(a)(2)(B), substituted “, the Tax Reform Act of 1976, and the Energy Tax Act of 1978” for “and the…

§ 47 Rehabilitation credit

  • (a) Pub. L. 95–618, § 241(b)(1), added par. (4), redesignated former par. (4) as (5) and substituted “paragraph (2) or (4)”…
  • (a) Pub. L. 95–618, § 241(b)(3), substituted “paragraph (5)” for “paragraph (4)”.

§ 48 Energy credit

  • (a)(1) Pub. L. 95–618, § 301(d)(1), inserted “(other than an air conditioning or heating unit)” after “personal property”.
  • (a)(10) Pub. L. 95–618, § 301(d)(2), added par. (10).
  • § 48 Pub. L. 95–618, § 301(b), added subsecs. (l) and (m) and redesignated former subsec. (l) as (n).
  • § 48 Pub. L. 95–618, § 301(b), redesignated former subsec. (l) as (n).

§ 140 Cross references to other Acts

  • § 140 Pub. L. 95–618 renumbered section 124 of this title as this section.

§ 167 Depreciation

  • § 167 Pub. L. 95–618, § 301(d)(3), added subsec. (p). Former subsec. (p) redesignated (r).
  • § 167 Pub. L. 95–618, § 301(e)(1), added subsec. (q).
  • § 167 Pub. L. 95–618, § 301(d)(3), redesignated former subsec. (p) as (r).

§ 263 Capital expenditures

  • (c) Pub. L. 95–618 inserted “and geothermal wells” after “gas wells” in heading and in text inserted provision that such…

§ 465 Deductions limited to amount at risk

  • (c)(1)(E) Pub. L. 95–618, § 402(d)(1), added subpar. (E).
  • (c)(2) Pub. L. 95–618, § 402(d)(2), added subpar. (E).

§ 613 Percentage depletion

  • (c)(1) Pub. L. 95–618, § 403(a)(2)(A), inserted “and other than a geothermal deposit” after “oil or gas well”.
  • (e) Pub. L. 95–618, § 403(a)(1), added subsec. (e).

§ 613A Limitations on percentage depletion in case of oil and gas wells

  • (b)(1) Pub. L. 95–618, § 403(a)(2)(B), struck out subpar. (C) which related to a computation in accordance with section 613…
  • (b)(2) (b)(3) Pub. L. 95–618, § 403(b)(1), (2), added par. (2), redesignated former par. (2) as (3) and, as so redesignated, added…

§ 614 Definition of property

  • (b) Pub. L. 95–618, § 403(a)(2)(C), inserted “or geothermal deposits” after “gas wells” in heading and introductory…
  • (c) Pub. L. 95–618, § 403(a)(2)(D), substituted “oil and gas wells and geothermal deposits” for “oil and gas wells”…

§ 751 Unrealized receivables and inventory items

  • (c) Pub. L. 95–618 substituted “oil, gas, or geothermal property” for “oil or gas property” in second sentence.

§ 1016 Adjustments to basis

  • (a)(21) Pub. L. 95–618, § 101(b)(3), added par. (21) relating to an adjustment to the extent provided in section 44C.
  • (d) Pub. L. 95–618, § 201(b), added subsec. (d). Former subsec. (d) redesignated (e).
  • (e) Pub. L. 95–618, § 201(b), redesignated former subsec. (d) as (e).

§ 1254 Gain from disposition of interest in oil, gas, geothermal, or other mineral properties

  • § 1254 Pub. L. 95–618, § 402(c)(3), substituted “oil, gas, or geothermal” for “oil or gas” in section catchline.
  • (a)(1) (a)(2) Pub. L. 95–618, § 402(c)(1), substituted “oil, gas, or geothermal property” for “oil or gas property” wherever…
  • (a)(3) Pub. L. 95–618, § 402(c)(2), substituted “Oil, gas, or geothermal” for “Oil or gas” in heading and in text substituted…

§ 4041 Imposition of tax

  • (b) Pub. L. 95–618, §§ 222(a)(2), 233(a)(3)(B), substituted “, in a qualified business use” for “otherwise than as a fuel…
  • (k) Pub. L. 95–618, § 221(b)(1), added subsec. (k).

§ 4064 Gas guzzler tax

§ 4081 Imposition of tax

  • (c) Pub. L. 95–618 added subsec. (c).

§ 4217 Leases

  • (e) Pub. L. 95–618 added subsec. (e).

§ 4221 Certain tax-free sales

  • (a) Pub. L. 95–618, § 201(c)(1), inserted provision that paragraphs (4) and (5) not apply to the tax imposed by section…
  • (d)(7) Pub. L. 95–618, § 233(c)(2), added par. (7).
  • (e) Pub. L. 95–618, § 233(c)(1), substituted provisions relating to the applicability of the taxes imposed by section…
  • (e) Pub. L. 95–618, § 232(a), added par. (6).

§ 4222 Registration

  • (d) Pub. L. 95–618 substituted “4063(a)(7), 4063(b), 4064(b)(1)(C),” for “4063(a)(6) and (7), 4063(b),”.

§ 4293 Exemption for United States and possessions

  • § 4293 Pub. L. 95–618 substituted “taxes imposed by sections 4064 and 4121” for “tax imposed by section 4121”.

§ 4483 Exemptions

  • (c) Pub. L. 95–618 inserted “(as in effect on the day before the date of the enactment of the Energy Tax Act of 1978)”…

§ 6096 Designation by individuals

  • (b) Pub. L. 95–618 inserted reference to section 44C.

§ 6401 Amounts treated as overpayments

  • § 6401 Pub. L. 95–618 added subsec. (d).

§ 6412 Floor stocks refunds

  • (a)(1) Pub. L. 95–618 struck out “and buses” after “Trucks” in heading.

§ 6416 Certain taxes on sales and services

  • (b)(2) Pub. L. 95–618 substituted in subpar. (I) “in the case of any article taxable under section 4061(b), sold for use by…

§ 6421 Gasoline used for certain nonhighway purposes, used by local transit systems, or sold for certain exempt purposes

  • (a) Pub. L. 95–618, § 222(a)(1)(A), substituted “Except as provided in subsection (i), if gasoline is used in a qualified…
  • (b) Pub. L. 95–618, § 233(a)(1), among other changes, provided for the refund or credit of the taxes paid on gasoline but…
  • (d)(2) Pub. L. 95–618, § 233(a)(3)(A), redesignated par. (3) as (2), and struck out former par. (2) which defined “commuter…
  • (d)(3) Pub. L. 95–618, §§ 222(a)(1)(B), 233(a)(3)(A), added par. (3) and redesignated former par. (3) as (2).

§ 6427 Fuels not used for taxable purposes

  • (b) Pub. L. 95–618, among other changes, provided for the refund or credit of the taxes paid on fuel pursuant to section…

§ 6504 Cross references

  • (9) Pub. L. 95–618 substituted “used for certain nontaxable purposes” for “not used in highway motor vehicles”.

§ 6675 Excessive claims with respect to the use of certain fuels

  • (a) Pub. L. 95–618 substituted “used for certain nontaxable purposes” for “not used in highway motor vehicles”.