Re: Federal Fuel Tax

this seems a wee bit problematic - it says '400 gal' upon which a tax
has not been imposed - while on the one hand that could be 1200 gal of
B-D per year, what/when are taxes 'imposed' (so that you then get an
exemption)?

seems pretty circular to me.....

kevin
Seattle


On Wed, 2007-06-27 at 18:11 -0700, Brian Jamison wrote:
> That's interesting.  I'd call the IRS can get a verification on that.  I
> don't believe the state has a minimum.
> 
> -B
> 
> On Wed, 2007-06-27 at 11:22 -0700, Edward Culp wrote:
> > My understanding is that 400 gallons per quarter of untaxed fuel is exempt from Form 720-
> >    
> >   From IRS Publication 510 Definitions-
> >    
> >   Blended taxable fuel. This means any taxable fuel produced outside the bulk transfer/terminal system by
> >   mixing taxable fuel on which excise tax has been imposed and any other liquid on which excise tax has not
> >   been imposed. This does not include a mixture removed or sold during the calendar quarter if all such
> >   mixtures removed or sold by the blender contain less than 400 gallons of a liquid on which the tax has not
> >   been imposed.
> >    
> >    
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