79 STAT. ]
PUBLIC LAW 89-44-JUNE 21, 1965
(c) CLERICAL AMENDMENTS. —
(1) The heading of section 5705 is amended by striking out " R E F U N D OR" and inserting in lieu thereof **GREI)IT, R E F U N D, OR". (2) The table of sections for subchapter A of chapter 52 is amended by striking out "Refund or" m the item relating to section 5705 and inserting in lieu thereof "Credit, refund, or". (d)
EFFECTIVE
165 72 Stat. 1419.
DATES.—
(1) The amendments made by subsections (a) and (b)(3) shall take effect on July 1, 1965. (2) The amendments made by subsections (b)(1), (b)(2), and (c) shall take effect on October 1, 1965. SEC. 809. INCOME TAX CREDIT IN LIEU OF PAYMENTS WITH RESPECT TO CERTAIN USES OF GASOLINE AND LUBRICATING OIL. (a)
GASOLINE U S E D ON F A R M S. —
(1) IN GENERAL.—Section 6420 (relating to gasoline used on farms) is amended— (A) by striking out "If" in subsection (a) and inserting in lieu thereof "Except as provided in subsection (h), i f '; and (B) by r e d e s i ^ a t i n g subsection (h) as (i), and by inserting after subsection (g) the following new suDsection: "(h)
INCOME T A X CREDIT I N L I E U OF PAYMENT.— "(1) PERSONS NOT SUBJECT TO INCOME TAX.—Payment
shall be made under subsection (a) with respect to gasoline used after June 30, 1965, only to— " (A) the United States or an agency or instrumentality thereof, a State, a political subdivision of a State, or an agency or instrumentality of one or more States or political subdivisions, or " (B) an organization exempt from tax under section 501 (a) (other than an organization required to make a return of the tax imposed under subtitle A for its taxable year). "(2)
(2)
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ALLOWANCE OF CREDIT AGAINST INCOME T A X. —
"For allowance of credit against the tax imposed by subtitle A for gasoline used after June 30, 1965, see section 39." T I M E FOR FILING CLAIMS; PERIOD COVERED.—Subsection (b)
of section 6420 (relating to time for filing claims; period covered) is amended to read as follows: "(b)
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T I M E FOR F I L I N G C L A I M; PERIOD COVERED.— " (1) GASOLINE USED BEFORE JULY i, 1965.—Except
as provided in paragraph (2), not more than one claim may be filed under this section by any person with respect to gasoline used during the one-year period ending on June 30 of any year. No claim shall be allowed under this paragraph with respect to any oneyear period unless filed on or before September 30 of the year in which such one-year period ends. "(2) GASOLINE USED AFTER.TUNE SO, IOCS.—In the case of gasoline used after June 30, 1965— " (A) not more than one claim may be filed under this section by any person with respect to gasoline used during his taxable year; and " (B) no claim shall be allowed under this section with respect to gasoline used during any taxable year unless filed by such person not later than the time prescribed by law for filing an income tax return for such taxable year.
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