§4986

11 cases·1 followed·1 distinguished·9 cited—9% support

Statute Text — 26 U.S.C. §4986

Statute text not available for this section.

11 Citing Cases

Union Texas Petroleum Energy Corporation Successor by Merger to Union Texas Petroleum Corporation, f.k.a. Union Texas Properties Corporation, Petitioners 110 T.C. No. 25 · 1998

Under the Windfall Profit Tax Act, the applicable tax rate is applied to the windfall profit per barrel. The windfall profit per barrel is generally calculated under section 4988(a) by subtracting the applicable adjusted base price of each crude barrel of oil, and a severance tax adjustment, from the removal price. After this calculat

Texaco Inc. v. Commissioner 101 T.C. 571 · 1993

For purposes of title I, crude oil included heavy oil and incremental tertiary oil. Sec. 4991(e)(1)(C). The term “heavy oil” meant all crude oil produced from a property if such crude oil had a weighted average gravity of 16.0 degrees API or less (corrected to 60 degrees Fahrenheit). Sec. 4991(e)(3). Pursuant to section 4993(a), “incr

Delek US Holdings, Inc. v. United States 32 F.4th 495 · Cir.

Union Texas International Corp. v. Commissioner 110 T.C. 321 · 1998

Miles Production Co. v. Commissioner 96 T.C. 595 · 1991

Transco Exploration Co. v. Commissioner 95 T.C. 373 · 1990

Natomas North America, Inc. v. Commissioner 90 T.C. 710 · 1988

Shell Oil Co. v. Commissioner 90 T.C. 747 · 1988

Shell Oil Co. v. Commissioner 89 T.C. 371 · 1987

Page v. Commissioner 86 T.C. 1 · 1986

Logan v. Commissioner 86 T.C. 1222 · 1986