[§§4986 to 4990. Repealed. Pub. L. 100–418, title I, §1941(a), Aug. 23, 1988, 102 Stat. 1322 ]

Section 4986, added Pub. L. 96–223, title I, §101(a)(1), Apr. 2, 1980, 94 Stat. 230 , related to imposition of windfall profit tax on domestic crude oil.

Section 4987, added Pub. L. 96–223, title I, §101(a)(1), Apr. 2, 1980, 94 Stat. 230 ; amended Pub. L. 97–34, title VI, §602(a), Aug. 13, 1981, 95 Stat. 337 ; Pub. L. 98–369, div. A, title I, §25(a), July 18, 1984, 98 Stat. 506 , related to amount of windfall profit tax on domestic crude oil.

Section 4988, added Pub. L. 96–223, title I, §101(a)(1), Apr. 2, 1980, 94 Stat. 231 ; amended Pub. L. 97–448, title II, §201(a), (h)(1)(D), Jan. 12, 1983, 96 Stat. 2391 , 2394; Pub. L. 99–514, title XIII, §1301(j)(4), Oct. 22, 1986, 100 Stat. 2657 , related to windfall profit and removal price.

Section 4989, added Pub. L. 96–223, title I, §101(a)(1), Apr. 2, 1980, 94 Stat. 233 ; amended Pub. L. 97–448, title II, §201(b), Jan. 12, 1983, 96 Stat. 2392 , related to adjusted base price for purposes of windfall profit tax on domestic crude oil.

Section 4990, added Pub. L. 96–223, title I, §101(a)(1), Apr. 2, 1980, 94 Stat. 234 , related to phaseout of windfall profit tax on domestic crude oil.

Effective Date of Repeal

Repeal applicable to crude oil removed from the premises on or after Aug. 23, 1988, see section 1941(c) of Pub. L. 100–418, set out as an Effective Date of 1988 Amendment note under section 164 of this title.

Allocation of Net Revenues From Windfall Profit Tax to Certain Uses

Pub. L. 96–223, title I, §102, Apr. 2, 1980, 94 Stat. 255 , provided for Windfall Profit Tax Account in Treasury, specified uses for amounts in that Account, defined "net revenues", required President to propose allocation of net revenues, and required Secretary of the Treasury to make reports to Congress.