PUBLIC LAW 95-618—NOV. 9, 1978
92 STAT. 3205
"SEC. 4093. EXEMPTIONS. " (a) SALES TO MANUFACTURERS OR PRODUCERS FOR R E S A L E. — Under
regulations prescribed by the Secretary, n o tax shall be imposed by section 4091 on lubricating oils sold to a manufacturer or producer of lubricating oils for resale by him.
26 USC 4091.
" (b) U S E IN PRODUCING REREFINED O I L. — " (1) SALES TO REREFINERS.—Under regulations prescribed by
the Secretary, no tax shall be imposed by section 4091 on lubricating oil sold for use in mixing w i t h used or waste lubricating oil which has been cleaned, renovated, or rerefined. Any person to whom lubricating oil is sold tax-free under this paragraph shall be treated as the producer of such lubricating oil.
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" (2) U S E IN PRODUCING REREFINED OIL.—Under regulations pre-
scribed by the Secretary, no tax shall be imposed by section 4091 on lubricating oil used in producing rerefined oil to the extent that the amount of such lubricating oil does not exceed 55 percent of such rerefined oil.
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" (3) REREFINED OIL DEFINED.—For purposes of t h i s subsection,
the term 'rerefined oil' means oil 25 percent or more of which is used or waste lubricating oil which has been cleaned, renovated, or rerefiined." (b) CONFORMING AMENDMENT. — S e c t i o n 4092(a)
is amended by
26 USC 4092.
striking out "4093" and inserting in lieu thereof "4093 (a) ". (c) CLERICAL AMENDMENT. — The t a b l e of sections for subpart B of
part III of subchapter A of chapter 32 is amended by striking out the 26 USC 4091. item relating to section 4093 and inserting in lieu thereof the f (Slowing: "Sec. 4093. Exemptions." (d) EFFECTIVE D A T E. — The amendments made by this section shall 26 USC 4093 a p p l y to sales on or after the first d a y of the first calendar month "^o*®beginning more than 10 days after the date of the enactment of this Act. Approved November 9, 1978.
LEGISLATIVE HISTORY: HOUSE REPORTS: No. 95-435 (Comm. on Ways and Means) and No. 95-1773 (Comm. of Conference). SENATE REPORTS: No. 95-529 (Comm. on Finance) and No. 95-1324 (Comm. of Conference). CONGRESSIONAL RECORD: Vol. 123 (1977): July 18, considered and passed House. Oct. 25-29, 31, considered and passed Senate, amended. Vol. 124 (1978): Oct. 15, Senate and House agreed to conference report. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS: Vol. 14, No. 45 (1978): Nov. 9, Presidential statement.
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