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USC Title 26 enacted through 2008

§ 4132. Definitions and special rules

Definitions relating to taxable vaccines
For purposes of this subchapter -
Taxable vaccine
The term "taxable vaccine" means any of the following vaccines which are manufactured or produced in the United States or entered into the United States for consumption, use, or warehousing:
Any vaccine containing diphtheria toxoid.
Any vaccine containing tetanus toxoid.
Any vaccine containing pertussis bacteria, extracted or partial cell bacteria, or specific pertussis antigens.
Any vaccine against measles.
Any vaccine against mumps.
Any vaccine against rubella.
Any vaccine containing polio virus.
Any HIB vaccine.
Any vaccine against hepatitis A.
Any vaccine against hepatitis B.
Any vaccine against chicken pox.
Any vaccine against rotavirus gastroenteritis.
Any conjugate vaccine against streptococcus pneumoniae.
Any trivalent vaccine against influenza.
Any meningococcal vaccine.
Any vaccine against the human papillomavirus.
The term "vaccine" means any substance designed to be administered to a human being for the prevention of 1 or more diseases.
United States
The term "United States" has the meaning given such term by section 4612(a)(4).
The term "importer" means the person entering the vaccine for consumption, use, or warehousing.
Credit or refund where vaccine returned to manufacturer, etc., or destroyed
In general
Under regulations prescribed by the Secretary, whenever any vaccine on which tax was imposed by section 4131 is -
returned (other than for resale) to the person who paid such tax, or
the Secretary shall abate such tax or allow a credit, or pay a refund (without interest), to such person equal to the tax paid under section 4131 with respect to such vaccine.
Claim must be filed within 6 months
Paragraph (1) shall apply to any returned or destroyed vaccine only with respect to claims filed within 6 months after the date the vaccine is returned or destroyed.
Condition of allowance of credit or refund
No credit or refund shall be allowed or made under paragraph (1) with respect to any vaccine unless the person who paid the tax establishes that he -
has repaid or agreed to repay the amount of the tax to the ultimate purchaser of the vaccine, or
has obtained the written consent of such purchaser to the allowance of the credit or the making of the refund.
Tax imposed only once
No tax shall be imposed by section 4131 on the sale of any vaccine if tax was imposed by section 4131 on any prior sale of such vaccine and such tax is not abated, credited, or refunded.
Other special rules
Certain uses treated as sales
Any manufacturer, producer, or importer of a vaccine which uses such vaccine before it is sold shall be liable for the tax imposed by section 4131 in the same manner as if such vaccine were sold by such manufacturer, producer, or importer.
Treatment of vaccines shipped to United States possessions
Section 4221(a)(2) shall not apply to any vaccine shipped to a possession of the United States.
Fractional part of a dose
In the case of a fraction of a dose, the tax imposed by section 4131 shall be the same fraction of the amount of such tax imposed by a whole dose.
Disposition of revenues from Puerto Rico and the Virgin Islands
The provisions of subsections (a)(3) and (b)(3) of section 7652 shall not apply to any tax imposed by section 4131.

Tax Code (Internal Revenue Code) Section Index

U.S. GAAP by Codification Topic
105 GAAP Hierarchy
105 GAAP History

205 Presentation of Financial Statements
205-20 Discontinued Operations
210 Balance Sheet
210-20 Offsetting
220 Comprehensive Income
225 Income Statement
225-20 Extraordinary and Unusual Items
230 Statement of Cash Flows
250 Accounting Changes and Error Corrections
260 Earnings per Share
270 Interim Reporting

310 Impairment of a Loan
320 Investment Securities
320 Other-Than-Temporary Impairments, FSP FAS 115-2
320-10-05 Overview of Investments in Other Entities
320-10-35 Reclassification of Investments in Securities
323-10 Equity Method Investments
323-30 Investments in Partnerships and Joint Ventures
325-20 Cost Method Investments
330 Inventory

340-20 Capitalized Advertising Costs
350-20 Goodwill
350-30 Intangibles Other than Goodwill
350-40 Internal-Use Software
350-50 Website Development Costs
360 Property, Plant and Equipment
360-20 Real Estate Sales

410 Asset Retirement and Environmental Obligations
420 Exit or Disposal Cost Obligations
450 Contingencies
450-20 Loss Contingencies
450-30 Gain Contingencies
480 Redeemable Financial Instruments

505-20 Stock Dividends, Stock Splits
505-30 Treasury Stock

605 SEC Staff Accounting Bulletin, Topic 13
605-25 Revenue Recognition - Multiple Element Arrangements

715-30 Defined Benefit Plans - Pension
718 Share-Based Payment
730 Research and Development
730-20 Research and Development Arrangements

805 Business Combinations
810 Consolidation
810 Noncontrolling Interests
810 Consolidation of Variable Interest Entities, SFAS 167

815 Derivatives and Hedging Overview

820 Fair Value Measurements
820 Fair value when the markets are not active, FSP FAS 157-4
825 Fair Value Option

830 Foreign Currency Matters
830-20 Foreign Currency Transactions
830-30 Translation of Financial Statements
835 Interest
835-20 Capitalization of Interest
835-30 Imputation of Interest

840 Leases
840-20 Operating Leases
840-30 Capital Leases
840-40 Sale-Leaseback Transactions
845 Nonmonetary Transactions

855 Subsequent Events
860-20 Sale of Financial Assets, SFAS 166
860-50 Servicing Assets and Liabilities, SFAS 156

985-20 Costs of software to be sold

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Tax Code (Internal Revenue Code) Section Index

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