“Reminder – Alabama Wholesale Oil License Fee Due October 15, 2013”

Oct 14, 2013
REMINDER – ALABAMA WHOLESALE OIL LICENSE FEE DUE OCTOBER 15, 2013 Taxpayers are reminded that Alabama’s Wholesale Oil License Fee return and payments and are due on October 15, 2013. The
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“Reminder – Alabama Wholesale Oil License Fee Due October 15, 2013”

Oct 14, 2013

REMINDER – ALABAMA WHOLESALE OIL LICENSE FEE DUE OCTOBER 15, 2013

Taxpayers are reminded that Alabama’s Wholesale Oil License Fee return and payments and are due on October 15, 2013.

The form is available at www.revenue.alabama.gov/motorfuels/mfforms.cfm and must be submitted online at www.myalabamataxes.alabama.gov.

The fee is imposed at a rate of $0.0075 per gallon on all diesel fuel which is defined to include undyed diesel and kerosene, dyed diesel and kerosene, special fuels and blended fuels containing diesel. Transmix is exempted from the fee (but note that effective August 1, 2013 transmix is subject to the diesel tax with licensed suppliers able to claim a credit for transmix not used a fuel and transmix delivered to a refinery for further processing). Additionally, all Alabama exports of diesel are exempted from the fee

“Minnesota to Begin Taxing Sales of Motor Fuel to Government Entities on January 1, 2014”

Oct 14, 2013
MINNESOTA TO BEGIN TAXING SALES OF MOTOR FUEL TO GOVERNMENT ENTITIES ON JANUARY 1, 2014 On January 1, 2014 rack sales of gasoline, diesel and dyed diesel to government entities will no longer be tax
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“Minnesota to Begin Taxing Sales of Motor Fuel to Government Entities on January 1, 2014”

Oct 14, 2013

MINNESOTA TO BEGIN TAXING SALES OF MOTOR FUEL TO GOVERNMENT ENTITIES ON JANUARY 1, 2014

On January 1, 2014 rack sales of gasoline, diesel and dyed diesel to government entities will no longer be tax free.

A government entity will be able to purchase dyed diesel tax free if it has a special fuel license.

Federal Government Shutdown – Impact on Internal Revenue Service Functions

Oct 07, 2013
At 12.01am on October 1, 2013, after Congress failed to reach an agreement to fund the government, the federal government shut down. This has a huge impact on many government agencies including the
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Federal Government Shutdown – Impact on Internal Revenue Service Functions

Oct 07, 2013

At 12.01am on October 1, 2013, after Congress failed to reach an agreement to fund the government, the federal government shut down. This has a huge impact on many government agencies including the functions of the Internal Revenue Service (“IRS”). While the government remains shutdown, the IRS will be operating in a very limited mode. To that end:

  • Audits and other proceedings before the IRS including meetings and proceedings before IRS appeals will likely be postponed or suspended. Pending audits and meetings will effectively be canceled to be rescheduled for a later date when the government is funded and re-opens;
  • Processing of Applications for Registration on Form 637 will be delayed;
  • Both the Office of Chief Counsel and Field Offices will operate in a very limited capacity, delaying the issuance of guidance and response to inquiries on tax-related questions;
  • Refunds will continue to be processed but may be delayed.

Please note that all tax returns and payments must continue to be filed and paid in a timely manner during a government shutdown, although they may not be processed by the IRS until the government re-opens.

Oscar L. Garza & Associates, P.C. and Tax Advisory Services Group LLC Launch New Websites

Aug 01, 2013
Osacar L. Garza & Associates, P.C. and Tax Advisory Services Group LLC have launched new websites. The sister companies have developed linked websites offering clients and friends a detailed overview
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Oscar L. Garza & Associates, P.C. and Tax Advisory Services Group LLC Launch New Websites

Aug 01, 2013

Osacar L. Garza & Associates, P.C. and Tax Advisory Services Group LLC have launched new websites. The sister companies have developed linked websites offering clients and friends a detailed overview of the services offered. Additionally, clients and friends will be able to keep abreast of recent federal and state activity in the motor fuels arena through legal alerts, newsletters and blogs.”

“New York to Move Point of Taxation for Diesel to Terminal Rack”

Aug 01, 2013
NEW YORK TO MOVE POINT OF TAXATION OF DIESEL TO TERMINAL RACK EFFECTIVE AUGUST 1, 2013 New York is moving the point of taxation for diesel to the terminal rack effective August 1, 2013. Enacted as
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“New York to Move Point of Taxation for Diesel to Terminal Rack”

Aug 01, 2013

NEW YORK TO MOVE POINT OF TAXATION OF DIESEL TO TERMINAL RACK EFFECTIVE AUGUST 1, 2013

New York is moving the point of taxation for diesel to the terminal rack effective August 1, 2013. Enacted as part of the 2013/2014 budget, the law provides for all sales between licensed distributors occurring above the terminal rack to be tax free – this applies to the diesel fuel tax, petroleum business tax and prepaid sales tax on fuel. Sales within a terminal to any entity that is not properly licensed as a diesel fuel distributor will be taxable. However, as the law provides that the tax cannot be imposed until the fuel has “come torest within the meaning of federal decisional law interpreting the United States constitution,” all sales above the rack that occur before diesel is delivered into a terminal – for example sales within a pipeline – should be tax free, regardless of whether all parties to the transaction are licensed in New York. The law does not make any changes with respect to the tax on off-road diesel, or jet fuel sold to airlines. Nor does it change the law with respect to gasoline which will continue to be taxed on import into New York.

For more information please contact:info@tasgroupllc.com
*Fees may apply for additional guidance.

This communication was sent from Tax Advisory Services Group, LLC and contains information that may be confidential or privileged. The information is solely intended for the use of the addressee and is provided free of charge. If you are not the intended recipient, be advised that any disclosure, copy, distribution, or use of the contents of this communication is prohibited. If you have received this communication in error, please immediately notify the sender by telephone or by electronic mail. To unsubscribe from these communications please e-mail info@tasgroupllc.com

“Maryland to Increase Motor Fuel Tax”

Jul 01, 2013
INCREASE TO MARYLAND FUEL TAX TAKES EFFECT JULY 1, 2013 Maryland is increasing its motor fuel tax effective July 1, 2013. The increase has two parts: (1) an annual increase in the cents-per-gallon
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“Maryland to Increase Motor Fuel Tax”

Jul 01, 2013

INCREASE TO MARYLAND FUEL TAX TAKES EFFECT JULY 1, 2013

Maryland is increasing its motor fuel tax effective July 1, 2013. The increase has two parts: (1) an annual increase in the cents-per-gallon fuel tax, indexed to inflation; and (2) a new sales tax on the wholesale price of gasoline. The current tax rates of $0.235 per gallon for gasoline and $0.2425 per gallon for diesel are anticipated to increase by approximately $0.04 per gallon on July 1, 2013.

With respect to the cents-per-gallon fuel tax, beginning on July 1, 2013 and annually thereafter, the tax rate will increase. The tax rates will be indexed to inflation (as determined by the Consumer Price Index) and will be announced by the Comptroller of Maryland by June 1. The statute provides for the rates to remain unchanged if there is no growth in the Consumer Price Index. The annual increase is capped and may not be greater than 8% of the tax rate in effect during the previous year. Additionally, the statute requires taxpayers with tax-paid fuel in inventory on July 1 to remit any additional fuel tax owed on the inventory within 30 days; this is similar to a floor stocks tax. The statute makes no changes to the point of taxation or any license categories or requirements.

With respect to the sales tax, this is an entirely new tax on motor fuel in Maryland. It will be collected with the motor fuel tax and the state is not requiring that motor fuel licensees obtain a sales tax registration. The sales tax will be expressed in cents-per-gallon calculated based on a percentage of the annual average retail price of motor fuel. As with the motor fuel tax, the Comptroller will announce the rates for 12-month period beginning July 1 by June 1. The percentage rate to be used in the calculation is 1% in 2013, 2% in 2014 and 3% in 2015 and beyond.

For more information please contact: info@tasgroupllc.com
*Fees may apply for additional guidance.

This communication was sent from Tax Advisory Services Group, LLC and contains information that may be confidential or privileged. The information is solely intended for the use of the addressee and is provided free of charge. If you are not the intended recipient, be advised that any disclosure, copy, distribution, or use of the contents of this communication is prohibited. If you have received this communication in error, please immediately notify the sender by telephone or by electronic mail. To unsubscribe from these communications please e-mail info@tasgroupllc.com

“Virginia to Implement Variable Fuel Tax Rate on July 1, 2013”

Jul 01, 2013
VIRGINIA TO MOVE TO VARIABLE FUEL TAX RATE EFFECTIVE JULY 1, 2013 Virginia is changing from a flat rate fuel tax to a variable rate fuel tax effective July 1, 2013. The state is adopting a variable
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“Virginia to Implement Variable Fuel Tax Rate on July 1, 2013”

Jul 01, 2013

VIRGINIA TO MOVE TO VARIABLE FUEL TAX RATE EFFECTIVE JULY 1, 2013

Virginia is changing from a flat rate fuel tax to a variable rate fuel tax effective July 1, 2013. The state is adopting a variable fuel tax rate of 3.5% of the average wholesale price of a gallon of gasoline and 6% of the average wholesale price of a gallon diesel. The average wholesale price (meaning the rack price) to be used in determining the tax rate will be published by the Tax Commissioner twice a year – in June for the period July 1 through December 31 and in December for the period January 1 through June 30. The statute provides that the average wholesale price must at all times be no less than the average price as of February 20, 2013. For example, if the average wholesale price of a gallon of gasoline is $3 for the period July 1 through December 31, the tax rate for a gallon of gasoline will be $0.105 per gallon. The current rate is $0.175 per gallon. The legislation makes no changes to the jet fuel tax which remains a flat rate of $0.05 per gallon for the first 100,000 gallons and $0.005 per gallon thereafter. The legislation also makes no changes to the point of taxation or license requirements.

For more information please contact:* info@tasgroupllc.com
*Fees may apply for additional guidance.

This communication was sent from Tax Advisory Services Group, LLC and contains information that may be confidential or privileged. The information is solely intended for the use of the addressee and is provided free of charge. If you are not the intended recipient, be advised that any disclosure, copy, distribution, or use of the contents of this communication is prohibited. If you have received this communication in error, please immediately notify the sender by telephone or by electronic mail. To unsubscribe from these communications please e-mail info@tasgroupllc.com