
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 31USC1324]

 
                       TITLE 31--MONEY AND FINANCE
 
                     SUBTITLE II--THE BUDGET PROCESS
 
                       CHAPTER 13--APPROPRIATIONS
 
                 SUBCHAPTER II--TRUST FUNDS AND REFUNDS
 
Sec. 1324. Refund of internal revenue collections

    (a) Necessary amounts are appropriated to the Secretary of the 
Treasury for refunding internal revenue collections as provided by law, 
including payment of--
        (1) claims for prior fiscal years; and
        (2) accounts arising under--
            (A) ``Allowance or drawback (Internal Revenue)'';
            (B) ``Redemption of stamps (Internal Revenue)'';
            (C) ``Refunding legacy taxes, Act of March 30, 1928'';
            (D) ``Repayment of taxes on distilled spirits destroyed by 
        casualty''; and
            (E) ``Refunds and payments of processing and related 
        taxes''.

    (b) Disbursements may be made from the appropriation made by this 
section only for--
        (1) refunds to the limit of liability of an individual tax 
    account; and
        (2) refunds due from credit provisions of the Internal Revenue 
    Code of 1986 (26 U.S.C. 1 et seq.) enacted before January 1, 1978, 
    or enacted by the Taxpayer Relief Act of 1997.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 923; Pub. L. 99-514, Sec. 2, 
Oct. 22, 1986, 100 Stat. 2095; Pub. L. 105-34, title I, Sec. 101(d)(1), 
Aug. 5, 1997, 111 Stat. 799.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
1324(a)..............................  31:725q-1a(1st par.).           June 19,
 1948, ch. 558, Sec.  101(words
                                                                        before 
proviso in par. under heading
                                                                        ``Burea
u of Internal Revenue''), 62
                                                                        Stat. 5
61.
1324(b)..............................  31:725q-1a(last par.).          June 19,
 1948, ch. 558, 62 Stat. 560,
                                                                        Sec.  3
02(last par); added Sept. 8,
                                                                        1978, P
ub. L. 95-355, Sec.  303, 92
                                                                        Stat. 5
63.
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a), the words ``Necessary amounts are appropriated to 
the Secretary of the Treasury'' are added to reflect the introductory 
language of the Act of June 19, 1948. The words ``on and after June 19, 
1948'' are omitted as executed.
    In subsection (b), the words ``appropriation made by this section'' 
are substituted for ``the appropriation to the Treasury Department 
entitled `Bureau of Internal Revenue Refunding Internal-Revenue 
Collections' '' to eliminate unnecessary words.

                       References in Text

    Act of March 30, 1928, referred to in subsec. (a)(2)(C), is act Mar. 
30, 1928, ch. 302, 45 Stat. 398, which is not classified to the Code.
    The Taxpayer Relief Act of 1997, referred to in subsec. (b)(2), is 
Pub. L. 105-34, Aug. 5, 1997, 111 Stat. 788. For complete classification 
of this Act to the Code, see Short Title of 1997 Amendment note set out 
under section 1 of Title 26, Internal Revenue Code, and Tables.


                               Amendments

    1997--Subsec. (b)(2). Pub. L. 105-34 inserted before period at end 
``, or enacted by the Taxpayer Relief Act of 1997''.
    1986--Subsec. (b)(2). Pub. L. 99-514 substituted ``Internal Revenue 
Code of 1986'' for ``Internal Revenue Code of 1954''.


                    Effective Date of 1997 Amendment

    Amendment by Pub. L. 105-34 applicable to taxable years beginning 
after Dec. 31, 1997, see section 101(e) of Pub. L. 105-34, set out as a 
note under section 24 of Title 26, Internal Revenue Code.


                   Coordination With Refund Provision

    Pub. L. 101-508, title XI, Sec. 11116, Nov. 5, 1990, 104 Stat. 1388-
415, provided that: ``For purposes of section 1324(b)(2) of title 31 of 
the United States Code, section 32 of the Internal Revenue Code of 1986 
[26 U.S.C. 32] (as amended by this Act) shall be considered to be a 
credit provision of the Internal Revenue Code of 1954 enacted before 
January 1, 1978.''
