48 CFR § 1632.607 - 1632.607 Tax credit.

---
identifier: "/us/cfr/t48/s1632.607"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 1632.607 - 1632.607   Tax credit."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "1632.607"
section_name: "1632.607   Tax credit."
chapter_number: 16
chapter_name: "OFFICE OF PERSONNEL MANAGEMENT FEDERAL EMPLOYEES HEALTH BENEFITS ACQUISITION REGULATION"
subchapter_number: "E"
subchapter_name: "GENERAL CONTRACTING REQUIREMENTS"
part_number: "1632"
part_name: "CONTRACT FINANCING"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 8913; 40 U.S.C. 486(c); 48 CFR 1.301."
regulatory_source: "52 FR 16043, May 1, 1987, unless otherwise noted."
cfr_part: "1632"
---


# 1632.607 1632.607   Tax credit.

FAR 32.607 has no practical application to FEHBP contracts. The statutory provisions at 5 U.S.C. 8906(c) and (d) authorize joint enrollee and Government contributions to the FEHBP Fund. Because the Fund is comprised of contributions by enrollees as well as the Government, carriers may not offset debts to the Fund by a tax credit which is solely a Government obligation.