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IN HB1126
Bill
Status
1/8/2015
Primary Sponsor
Robert Cherry
Click for details
AI Summary
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Defines "ethanol" as a blended motor fuel containing at least 15% (E15) but not more than 85% (E85) agriculturally derived ethyl alcohol with gasoline as the balance.
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Excludes ethanol from the gasoline use tax and instead subjects it to state gross retail tax collection procedures used for special fuel.
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Requires retail merchants to collect state gross retail tax on ethanol at 7% of the price per unit before addition of state and federal taxes.
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Requires retail merchants dispensing ethanol to report total gallons sold and remit state gross retail tax equal to 6.54% of gross receipts from ethanol sales.
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Applies to ethanol acquired by retail merchants for resale after June 30, 2015, with provisions expiring July 1, 2016.
Legislative Description
Sales tax collections on sale of ethanol. Excludes ethanol from the gasoline use tax. Defines "ethanol" as a blended motor fuel consisting of at least 15% (E15) but not more than 85% (E85) agriculturally derived ethyl alcohol, and gasoline as the balance. Provides that the state gross retail tax on ethanol is collected in the same manner as the state gross retail tax on special fuel.
Last Action
Representative Lehe added as coauthor
1/14/2015