48 CFR § 2132.607 - 2132.607 Tax credit.

---
identifier: "/us/cfr/t48/s2132.607"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 2132.607 - 2132.607   Tax credit."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "2132.607"
section_name: "2132.607   Tax credit."
chapter_number: 21
chapter_name: "OFFICE OF PERSONNEL MANAGEMENT, FEDERAL EMPLOYEES GROUP LIFE INSURANCE FEDERAL ACQUISITION REGULATION"
subchapter_number: "E"
subchapter_name: "GENERAL CONTRACTING REQUIREMENTS"
part_number: "2132"
part_name: "CONTRACT FINANCING"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 8716; 40 U.S.C. 486(c); 48 CFR 1.301."
regulatory_source: "58 FR 40379, July 28, 1993, unless otherwise noted."
cfr_part: "2132"
---


# 2132.607 2132.607   Tax credit.

FAR 32.607 has no practical application to FEGLI Program contracts. The statutory provisions at 5 U.S.C. 8707 and 8708 authorize joint enrollee and Government contributions to the Employees' Life Insurance Fund. Because the Fund is comprised of contributions by enrollees as well as the Government, contractors may not offset debts to the Fund by a tax credit that is solely a Government obligation.