Some buying or selling practices limit or dictate the election that can be made. This new rule attached allows licensed motor fuel distributor to elect the gallon definition on which his motor fuel tax returns will be based. The election remains in effect for but be changed on any thereafter with new 12month election. distributor buying pipeline product that is only measured in gallons must report all transactions on grossgallon basis. The election for pricing is independent of the election for tax reporting.
Tax Bulletin 492A Effective 1, 1992 Re GrossNet Election for Motor Fuel Gallons must be submitted to the Auditing Division,
Any licensed distributor failing to make an election will default to the grossgallon basis and must then report and pay excise tax on the grossgallon basis. This new rule attached allows licensed motor fuel distributor to elect the gallon definition on which his motor fuel tax returns will be based. South, Salt Lake City, UT or call 801 5304848 or toll free within Utah 18006624335..
distributor buying pipeline product that is only measured in gallons must report all transactions on grossgallon basis. Any licensed distributor failing to make an election will default to the grossgallon basis and must then report and pay excise tax on the grossgallon basis. South, Salt Lake City, UT 84134, by 30, Please note that although the attached rule states the filing deadline is 29, the Tax Commission has extended that deadline to correct mailing error.
New businesses opening during given year must elect one basis for the remainder of that year but change election on of the following year. Questions regarding this Tax Bulletin should be directed to Taxpayer Services, South, Salt Lake City, UT 84134, by 30, Tax Bulletin 492A Effective 1, 1992 Re GrossNet Election for Motor Fuel Reporting, pursuant to Utah Code Annotated Section 5913204. Some buying or selling practices limit or dictate the election that can be made.
South, Salt Lake City, UT or call 801 5304848 or toll free within Utah 18006624335.. Tax Bulletin 492A Effective 1, 1992 Re GrossNet Election for Motor Fuel Gallons must be submitted to the Auditing Division, The election remains in effect for but be changed on any thereafter with new 12month election.
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