26 C.F.R. § 301.9001-2 Definitions.
Title 26 - Internal Revenue
The terms enumerated in this section are to be defined for the purposes of §§301.9001–1, 301.9001–2, and 301.9001–3 in the following manner: (a) “Barrel” means 42 United States gallons at 60 degrees Fahrenheit. (b) “Oil” means petroleum, including crude oil or any fraction or residue therefrom, and natural gas condensate, except that the term does not include natural gas. (c) “Person” means an individual, firm, corporation, association, partnership, consortium, joint venture, or governmental entity. (d) “Outer Continental Shelf” means all submerged lands lying seaward and outside of the area of lands beneath navigable waters as defined in section 1301 of title 43 and of which the subsoil and seabed appertain to the United States and are subject to its jurisdiction and control; (Sec. 302(d) of the Outer Continental Shelf Lands Act Amendments of 1978 (92 Stat. 672) and sec. 7805 of the Internal Revenue Code of 1954 (68A Stat. 917; 26 U.S.C. 7805)) [T.D. 7697, 45 FR 33976, May 21, 1980]
Title 26: Internal Revenue
PART 301—PROCEDURE AND ADMINISTRATION
General Rules
Application of Internal Revenue Laws
§ 301.9001-2 Definitions.
