26 CFR § 50.3 - General definitions and use of terms.

---
identifier: "/us/cfr/t26/s50.3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "26 CFR § 50.3 - General definitions and use of terms."
title_number: 26
title_name: "Internal Revenue"
section_number: "50.3"
section_name: "General definitions and use of terms."
chapter_name: "INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "D"
subchapter_name: "MISCELLANEOUS EXCISE TAXES"
part_number: "50"
part_name: "REGULATIONS RELATING TO THE TAX IMPOSED WITH RESPECT TO CERTAIN HYDRAULIC MINING"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Sec. 23, 27, Stat. 510, as amended; 33 U.S.C. 683."
regulatory_source: "T.D. 6419, 24 FR 8546, Oct. 22, 1959, unless otherwise noted."
cfr_part: "50"
---


# 50.3 General definitions and use of terms.

As used in the regulations in this part:

(a) The term *Act* means “An Act to create the California Debris Commission and regulate hydraulic mining in the State of California” approved March 1, 1893, as amended, 27 Stat. 507; 34 Stat. 1001; 48 Stat. 1118; 52 Stat. 1040; 61 Stat. 501; 33 U.S.C. 661-687.

(b) The term *person* means an individual, a trust, estate, partnership, company, or corporation.

(c) The term *Secretary* means the Secretary of the Treasury.

(d) The term *Commissioner* means the Commissioner of Internal Revenue.

(e) The term *district director* means the district director of internal revenue.

(f) The terms *hydraulic mining* and *mining by the hydraulic process* shall have the meaning and application given said terms in the State of California.

(g) The term *taxable year* means the twelve-month period ending on August 31 of each year for which the tax imposed by the Act is payable.