“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.

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“California Publishes 2013/2014 Fuel Tax Rates”

Jul 01, 2013
CALIFORNIA ANNOUNCES 2013/2013 FUEL TAX RATES The California Board of Equalization recently announced the 2013/2014 fuel tax rates. These rates take effect on July 1, 2013. The tax rate for
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“California Publishes 2013/2014 Fuel Tax Rates”

Jul 01, 2013

CALIFORNIA ANNOUNCES 2013/2013 FUEL TAX RATES

The California Board of Equalization recently announced the 2013/2014 fuel tax rates. These rates take effect on July 1, 2013. The tax rate for gasoline will increase to $0.395 per gallon. The tax rates for diesel and jet fuel will remain unchanged from 2012/2013 at $0.10 per gallon and $0.02 per gallon respectively.

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