Approved Terminal or Refinery [Internal Revenue] Law and Legal Definition

Pursuant to 26 CFR 48.4081-1 [Title 26 Internal Revenue; Chapter I Internal Revenue Service, Department of the Treasury; Subchapter D Miscellaneous Excise Taxes; Part 48 Manufacturers and Retailers Excise Taxes; Subpart H Motor Vehicles, Tires, Tubes, Tread Rubber, and Taxable Fuel; Taxable Fuel], the term Approved Terminal or Refinery means “a terminal or refinery that is operated, respectively, by a taxable fuel registrant that is a terminal operator, or by a taxable fuel registrant that is a refiner.”