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Introduction

SECTION 3. DEFINITION

Internal Revenue Bulletin 2007-49 · 2026-10-03 edition · updated 2026-10-04 · United States

(a) Except as provided in paragraph (b) of this section, liquid hydrocarbons derived from biomass are chemical compounds that are liquid when eligibility for the credit or payment is determined and are derived from any organic material, including oceanic and terrestrial crops and crop residues, and organic waste products that have a market value. For this purpose—

(1) Eligibility for the credit or payment for alternative fuel mixtures is determined when the alternative fuel mixture is produced; and

December 3, 2007 1092 2007–49 I.R.B.

to repay the amount of such credit or payment with interest.

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▸Contents — Internal Revenue Bulletin 2007-49
Internal Revenue Bulletin 2007-49

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