Insights & Resources

The biofuels industry suffered a blow in the Chemoil case which pitted the alcohol fuel mixture credit against the economic substance doctrine.

The IRS issued proposed regulations on the application of the federal Superfund Tax that address a number of issues surrounding the imposition of the tax.

In the March 6 Internal Revenue Bulletin the IRS issued a statement on export tax for oil spills. Find out more about this notice and how taxpayers are affected.

In a recent decision, the First District Court of Appeals in Illinois held that book-out transactions are transfers of ownership of fuel and are subject to tax.

The IRS has issued guidance on new sustainable aviation fuel tax credits that take effect on January 1, 2023. The guidance, Notice 2023-06, includes the following:

The IRS has published Superfund tax rates for 121 taxable substances subject to the tax under section 4671 of the Internal Revenue Code.

In recent months, a number of states have enacted legislation to temporarily suspend the motor fuels tax. Weaver will monitor these actions and update this post regularly.

The Fifth Circuit Court of Appeals and the U.S. Court of Federal Claims held that the blends of butane and gasoline would not be eligible for the alternative fuel mixture credit.

Taxpayers who are required to obtain a "G" registration under the reinstated Superfund Tax are impacted by recent IRS guidance on registration for certain Form 637.

As a reminder to suppliers and distributors of motor fuel: many states issue licenses that must be renewed periodically rather than being effective for a continuous period until canceled. The licenses in the table below have renewal requirements. Licensees should receive a renewal notification from the state tax authorities prior to the renewal date.