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INTERNAL REVENUE CODE OF 1954
Subchapter B—Coal
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Sec. 4531. Imposition of tax. Sec. 4532. Exemption where exports exceed imports. SEC. 4531. IMPOSITION OF TAX.
In addition to any other tax or duty imposed by law, there is hereby imposed a tax of 10 cents per 100 pounds on coal of all sizes, grades, and classifications (except culm and duff), coke manufactured therefrom, and coal or coke briquettes imported into the United States, unless treaty provisions of the United States otherwise provide. For the purpose of such tax, the term "United States" includes Puerto Rico. SEC. 4532. EXEMPTION WHERE EXPORTS EXCEED IMPORTS.
The tax on the articles described in section 4531 shall not be imposed upon any such article if during the preceding calendar year the exports of the articles described in section 4531 from the United States to the country from which such article is imported have been greater in quantity than the imports into the United States from such country of the articles described in such section.
§4631
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