Alabama Storage Tank Fee Increase – Effective March 1

Jan 04, 2021
The Alabama Department of Revenue has announced that the Underground and Aboveground Storage Tank Fee will increase by $0.01 per gallon to $0.012 per gallon. This change will take effect on March 1,
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Alabama Storage Tank Fee Increase – Effective March 1

Jan 04, 2021

The Alabama Department of Revenue has announced that the Underground and Aboveground Storage Tank Fee will increase by $0.01 per gallon to $0.012 per gallon. This change will take effect on March 1, 2021 and will be reflected on the March 2021 tax return. The fee is imposed on every gallon of motor fuel when it is first withdrawn from the bulk system in Alabama or when delivered into Alabama.

President Trump Signs Covid Relief Bill With Tax Extenders

Dec 28, 2020
President Trump signed into law the Covid Relief Bill that Congress passed last week. He had previously refused to sign it, threatening to veto it and asking Congress to amend it. The legislation
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President Trump Signs Covid Relief Bill With Tax Extenders

Dec 28, 2020

President Trump signed into law the Covid Relief Bill that Congress passed last week. He had previously refused to sign it, threatening to veto it and asking Congress to amend it. The legislation contains tax extenders, including a one year extension of the alternative fuel tax credits and a multi-year extension of the federal oil spill tax.

President Trump “Vetoes” Covid Legislation

Dec 23, 2020
In an unexpected move, President Trump has refused to sign the Covid legislation that Congress passed on Monday evening, instead asking Congress to amend it. This legislation contains the extension
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President Trump “Vetoes” Covid Legislation

Dec 23, 2020

In an unexpected move, President Trump has refused to sign the Covid legislation that Congress passed on Monday evening, instead asking Congress to amend it. This legislation contains the extension of both the alternative fuel credits and the oil spill tax. These provisions are not thought to be under threat from any changes that may be made to the legislation, however, unless the President signs the bill or Congress can get a veto proof majority, they may expire at the end of the year.

Federal Oil Spill Tax Extended

Dec 22, 2020
The combined Federal Appropriations and Covid Relief Legislation passed by Congress late on December 21, 2020 included an extension of the federal oil spill tax. Set to expire on December 31, 2020,
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Federal Oil Spill Tax Extended

Dec 22, 2020

The combined Federal Appropriations and Covid Relief Legislation passed by Congress late on December 21, 2020 included an extension of the federal oil spill tax. Set to expire on December 31, 2020, the tax has been extended through December 31, 2025.

New Covid Relief Legislation Includes Extension of Alternative Fuel Tax Credits

Dec 22, 2020
The combined Federal Appropriations and Covid Relief Legislation passed by Congress late on December 21, 2020, includes a straight one-year extension of the alternative fuel and alternative fuel
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New Covid Relief Legislation Includes Extension of Alternative Fuel Tax Credits

Dec 22, 2020

The combined Federal Appropriations and Covid Relief Legislation passed by Congress late on December 21, 2020, includes a straight one-year extension of the alternative fuel and alternative fuel mixture credits. Both credits had been set to expire on December 31, 2020. They will now expire on December 31, 2021. The legislation made no other changes to the credits.

 

Federal Oil Spill Tax Set to Expire December 31, 2020

Dec 01, 2020
The $0.09 per barrel federal oil spill tax is set to expire on December 31, 2020. To date there has been no legislation passed that would extend the tax. Congress is in a lame duck session and may
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Federal Oil Spill Tax Set to Expire December 31, 2020

Dec 01, 2020

The $0.09 per barrel federal oil spill tax is set to expire on December 31, 2020. To date there has been no legislation passed that would extend the tax. Congress is in a lame duck session and may take up tax extenders before the end of the year.