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AL HB261
Bill
Status
5/20/2013
Primary Sponsor
Alan Baker
Click for details
AI Summary
HB261 Summary
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Exempts exported diesel fuel and transmix from Alabama's wholesale oil license fee if proof of export is available via terminal issued shipping documents.
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Defines new terms including "associate jobber," "kerosene," and "K-1 kerosene" to clarify motor fuel tax classifications and expand eligibility for certain fuel types.
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Exempts K-1 kerosene and aviation jet fuel produced at Alabama refineries and immediately exported from state destination taxes when proper documentation is provided.
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Clarifies "special fuel" definition to apply specifically to diesel-powered engines and modifies "two-party exchange" requirements to include transfers completed before or contemporaneous with removal from terminal.
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Changes importation tax payment deadline from the 20th of each calendar month to the 3rd business day following importation for fuel from non-terminal storage locations.
Legislative Description
Taxation, exported oil and transmix exempt from license fee, definitions clarified, K-1 kerosene and aviation jet fuel refined in state exempt from motor fuel tax, Secs. 40-17-174, 40-17-322, 40-17-329, 40-17-340, 40-17-362 am'd.
Taxation
Last Action
Delivered to Governor at 10:45 p.m. on May 20, 2013.
5/20/2013