Tuesday - January 27, 2026
IRS Issues Announcement on Section 4611 Oil Spill Liability Trust Fund Financing Rate Expiration
January 27, 2026
WASHINGTON, Jan. 27 -- The Internal Revenue Service issued the following announcement (No. 2026-02) on Jan. 26, 2026, entitled "Section 4611 Oil Spill Liability Trust Fund Financing Rate Expiration".

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This announcement provides important information for taxpayers who are liable for the tax on petroleum under Sec. 4611 of the Internal Revenue Code.

SECTION 1. BACKGROUND

Section 4611(a) generally imposes a tax on certain crude oil . . .

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