SB433 Summary

• Transfers collection of petroleum products inspection fees from the Alabama Department of Agriculture and Industries to the Department of Revenue, effective October 1, 2015.

• Separates inspection fee collection by product type: gasoline fees collected through terminal excise tax returns, while dyed diesel fuel, dyed kerosene, and lubricating oil fees collected through separate returns.

• Creates new bonded distributor permitting system for dyed diesel fuel, dyed kerosene, and lubricating oil with $5,000 bond requirements and establishes permit issuance/cancellation procedures.

• Allocates $500,000 for fiscal year 2014 and $87,500 annually beginning 2015 to the Department of Revenue to offset inspection fee collection costs.

• Clarifies petroleum product definitions and expands inspection fee exemptions for exports, government purchases, and specific end-uses (agricultural, maritime, railroad operations).