reference price
Defined in 6 places of the United States Code.
The term “reference price” means with respect to a calendar year the Secretary's estimate of the annual average wellhead price per barrel for all domestic crude oil the price of which is not subject to regulation by the United States.
Same definition in 2 sections
- 1994–present26 U.S.C. § 29Internal Revenue Code · Renumbered 45K] · under this section
- 2005–present26 U.S.C. § 45KInternal Revenue Code · Credit for producing fuel from a nonconventional source · under this section
For purposes of this paragraph, the term “reference price” means, with respect to any calendar year—
(i) in the case of qualified crude oil production, the reference price determined under section 45K(d)(2)(C), and
(ii) in the case of qualified natural gas production, the Secretary’s estimate of the annual average wellhead price per 1,000 cubic feet for all domestic natural gas.
Source
- 201326 U.S.C. § 45IInternal Revenue Code · Credit for producing oil and gas from marginal wells · for purposes of this section
For purposes of this paragraph, the term "reference price" means, with respect to any calendar year—
(i) in the case of qualified crude oil production, the reference price determined under section 45K(d)(2)(C), and
(ii) in the case of qualified natural gas production, the Secretary's estimate of the annual average wellhead price per 1,000 cubic feet for all domestic natural gas.
For purposes of this section—
Source
- 2005–present26 U.S.C. § 45IInternal Revenue Code · Credit for producing oil and gas from marginal wells · for purposes of this section
For purposes of this paragraph, the term “reference price” means, with respect to any calendar year, the reference price determined for such calendar year under section 29(d)(2)(C).
Source
- 1994–200526 U.S.C. § 613AInternal Revenue Code · Limitations on percentage depletion in case of oil and gas wells · in this section
For purposes of this paragraph, the term “reference price” means, with respect to any calendar year, the reference price determined for such calendar year under section 45K(d)(2)(C).
Source
- 2005–present26 U.S.C. § 613AInternal Revenue Code · Limitations on percentage depletion in case of oil and gas wells · in this section
For purposes of this subsection, the term “reference price” means, with respect to any calendar year, the reference price determined for such calendar year under section 29(d)(2)(C).
Source
- 1994–200526 U.S.C. § 43Internal Revenue Code · Enhanced oil recovery credit · in this section
For purposes of this subsection, the term “reference price” means, with respect to any calendar year, the reference price determined for such calendar year under section 45K(d)(2)(C).
Source
- 2005–present26 U.S.C. § 43Internal Revenue Code · Enhanced oil recovery credit · in this section
The term “reference price” means, with respect to a calendar year, the Secretary's determination of the annual average contract price per kilowatt hour of electricity generated from the same qualified energy resource and sold in the previous year in the United States. For purposes of the preceding sentence, only contracts entered into after December 31, 1989, shall be taken into account.
Source
- 1994–present26 U.S.C. § 45Internal Revenue Code · Electricity produced from certain renewable resources, etc. · under this section