Taxable fuel definition
Taxable fuel means motor fuel, undyed diesel fuel with the exception of kerosene, aviation special
Taxable fuel means motor fuel, undyed diesel fuel with the exception of kerosene, aviation special fuel, clean special fuels, synthetic motor fuel, synthetic special fuel, ethanol and blends thereof and any other substance blended with any of the foregoing, to include kerosene or #1 fuel oil when used in a highway vehicle.
Taxable fuel means motor fuel, undyed diesel fuel, aviation special fuel, clean special fuels,
Examples of Taxable fuel in a sentence
Taxable fuel reported as part of IFTA must be compiled separately for each fuel type.
More Definitions of Taxable fuel
Taxable fuel means fuel in respect of which duty is payable under:
Taxable fuel means fuel on which Customs or Excise duty is payable [section 110-5]. This arrangement — taxing and crediting — is necessary to deal with the fact that fuel tax is paid by the manufacturer or importer of the fuel, well before it is used. Therefore, the fuel tax is levied on the assumption that the fuel could be used in a taxable way, and credits are granted to reverse the effect of the tax when it becomes clear that the fuel will be put to a non-taxable use — that is, used by a taxpayer in carrying on their enterprise.
Taxable fuel means alternative fuel, aviation gasoline, aviation jet fuel, blended fuel, diesel fuel,