Taxable fuel definition

Taxable fuel means motor fuel, undyed diesel fuel with the exception of kerosene, aviation special
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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.
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Taxable fuel means alternative fuel, aviation gasoline, aviation jet fuel, blended fuel, diesel fuel,
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Examples of Taxable fuel in a sentence

  • Taxable fuel is entered into the United States when it's brought into the United States and applicable customs law requires that it be entered for consumption, use, or warehousing.

  • Taxable fuel is entered into the United States when it is brought into the United States and applicable customs law requires that it be entered for consumption, use, or warehousing.

  • Ex- cept as provided in paragraphs (c)(1)(ii) and (c)(1)(iii) of this section, blended taxable fuel means any taxable fuel that is produced outside the bulk transfer/ terminal system by mixing—(A) Taxable fuel with respect to which tax has been imposed under sec- tion 4041(a)(1) or 4081(a) (other than taxable fuel for which a credit or pay- ment has been allowed); and(B) Any other liquid on which tax has not been imposed under section 4081.(ii) Exclusion; minor blending.

  • Taxable fuel (as defined in section 4083(a)) or any liquid taxable under section 4041(c) that is used as fuel on a flight for which amounts paid are exempt from the taxes imposed by sections 4261 and 4271 by reason of section 4261(e)(5) is not fuel used in commercial aviation, as that term is defined in section 4083(b).

  • This section is effective January 1, 1994.§48.4081–3 Taxable fuel; taxable events other than removal at the terminal rack.

  • Taxable fuel specified for the Opt-in Scheme is liquid petroleum fuel.

  • Ex- cept as provided in paragraphs (c)(1)(ii) and (c)(1)(iii) of this section, blended taxable fuel means any taxable fuel that is produced outside the bulk transfer/ terminal system by mixing—(A) Taxable fuel with respect to which tax has been imposed under sec- tion 4041(a)(1) or 4081(a) (other than taxable fuel for which a credit or pay- ment has been allowed); and(B) Any other liquid on which tax has not been imposed under section 4081.

  • Taxable fuel (as defined in section 4083(a)) or any liquid taxable under sec- tion 4041(c) that is used as fuel on a flight for which amounts paid are exempt from the taxes imposed by sections 4261 and 4271 by reason of section 4261(e)(5) is not fuel used in commercial aviation, as that term is defined in section 4083(b).

  • Taxable fuel is entered into the UnitedCredits in chapter 2.in the discussion of the specific fuels to whichdiscussion of fuel taxes.

  • Paragraph (l)(5) is added and reserved.The additions read as follows:§ 48.4101–1 Taxable fuel; registration.* * * * *(f) * * * (4) * * *(ii) * * *(B) [Reserved].


More Definitions of Taxable fuel

Taxable fuel means fuel in respect of which duty is payable under:
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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.
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Taxable fuel means motor fuel, undyed diesel fuel, aviation special fuel, clean special fuels,
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Related to Taxable fuel

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Taxable value shall have the meaning assigned to such term in Section 1.04(10) of the TEXAS TAX CODE.

  • Tax Benefit means any refund, credit, or other item that causes reduction in otherwise required liability for Taxes.