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Introduction

SECTION 3. SCOPE

Internal Revenue Bulletin 2004-17 · 2026-10-03 edition · updated 2026-10-04 · United States

.01 This revenue procedure applies to an RI Owner that:

(1) is eligible to claim an otherwise allowable credit under § 29 in respect of sales of qualified fuel; and

(2) has, in all prior taxable years in which the RI Owner claimed the § 29 credit, consistently followed a practice of claiming the credit under § 29 with respect to a sale of qualified fuel in the taxable year in which the RI Owner received the income from the sale.

.02 For purposes of this revenue procedure, the term “RI Owner” includes the unitholders of trusts that own royalty interests where such unitholders are the grantors of the trust.

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▸Contents — Internal Revenue Bulletin 2004-17
Internal Revenue Bulletin 2004-17

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