Collection Procedures for Excise Taxes on Gasoline, Diesel, and Nongasoline Aviation Fuels (S, 2075, S. 2003, S. 2062, S. 2067, S. 2118, and S. 2128) ... Agricultural Taxation of the Senate Commit - Softcover

Author, Unknown

Softcover

ISBN 10: 1332289940 ISBN 13: 9781332289943

Publisher: Forgotten Books, 2018

Synopsis

A clear look at proposed tax changes for diesel and nongasoline aviation fuels, with relief paths and new rules.

This edition outlines how excise taxes would apply after March 31, 1988, including which uses may qualify for tax relief or refunds. It covers who must register, the role of Treasury in issuing regulations, and how exemptions are to be realized through refunds or credits. The material also describes bill-by-bill proposals and their effective dates, offering a concise snapshot of possible changes to the tax landscape for fuels.

- Exemptions and refunds: exemptions for uses such as farm use, state and local government use, and certain educational or aircraft museum uses; refunds or credits for those engaging in exempt uses.
- Buyer and seller requirements: registration, possible bonding, and financial responsibility standards for sellers and producers; case-by-case authority for sales without payment of tax in some cases.
- Coverage and timing: rules for taxable fuels, the timing of tax collection, and the effective dates tied to enactment or specific dates like March 31, 1988.
- Definitions and scope: who counts as a producer, what constitutes off-highway use, and how gasohol blending and related exemptions are handled.

Ideal for readers seeking a concise, policy-focused overview of upcoming fuel tax rules and their practical implications.

About this title

Product Description

Excerpt from Collection Procedures for Excise Taxes on Gasoline, Diesel, and Nongasoline Aviation Fuels (S, 2075, S. 2003, S. 2062, S. 2067, S. 2118, and S. 2128): Scheduled for a Hearing Before the Subcommittee on Energy and Agricultural Taxation of the Senate Committee on Finance on March 16, 1988

The first part of the document is a summary. The second part is a description of present - law collection procedures and exemptions, and of the provisions of six Senate bills (1) S. 2075 (introduced by Senators Daschle, Armstrong, Baucus, Boren, Danforth, Durenberger, Pryor, Roth, Riegle, and others); (2) S. 2003 (introduced by Senators Gramm, Durenberger, Wallop, Armstrong, and others); (3) S. 2062 (introduced by Senator Nickles and others); (4) S. 2067 (introduced by Senator Conrad and others); (5) S. 2118 (introduced by Senator Gramm); and (6) S. 2128 (introduced by Senators Warner, Chafee, Mitchell, and others).

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Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 1332289940
• ISBN 13: 9781332289943
• Binding: Paperback
• Number of pages: 25