SECTION 6. DRAFTING
Internal Revenue Bulletin 2007-49 · 2026-10-03 edition · updated 2026-10-04 · United States
INFORMATION
The principal author of this notice is DeAnn Malone of the Office of Associate Chief Counsel (Passthroughs & Special Industries). For further information regarding this notice, please contact DeAnn Malone at (202) 622–3130 (not a toll-free call).
(2) Eligibility for the credit or payment for alternative fuel is determined when—
(i) Tax is imposed on the fuel by § 4041(a)(2); or
(ii) Tax would be imposed on the fuel but for the exemptions provided by § 4041 (b), (f), (g), or (h).
(b) Liquid hydrocarbons derived from biomass do not include—
(1) Ethanol, methanol, or biodiesel; or (2) Oil, natural gas, coal (including lignite) or any product of oil, natural gas, or coal.
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