The IRS has published Superfund tax rates for 121 taxable substances subject to the tax under section 4671 of the Internal Revenue Code.
A list of taxable substances is included below and accessible through IRS release IR-2022-133 and also in IRS Notice 2021-66.
…
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.
Updated November 7, 2022
Connecticut Extends Motor Fuel Tax Suspension Through November 2022Connecticut's…
Several tax refund cases concerning Alternative Fuel Tax Credits and fuel mixtures could have a significant impact on the use of butane in alternative fuel blending. The Fifth Circuit Court of Appeals has upheld the decision of the District Court for the Southern District of Texas in Vitol Inc.…
Recent IRS guidance on registration tests for certain Form 637, Application for Registration (For Certain Excise Tax Activities), impacts taxpayers who are required to obtain a “G” registration under the reinstated Superfund Tax (effective July 1, 2022).
The Internal Memorandum updates…
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…
Key Points:
The market is still waiting on updated EPA regulations and standards for 2021. Despite uncertainty, this is still a period of high interest due to the evolution of the renewable fuel market and low-carbon fuel standards. State level programs and incentives are…
Weaver’s Managing Partner and CEO, John Mackel, and Energy Compliance Services Partner, Ashley Player, sit down with the San Diego Business Journal to discuss Weaver’s permanent San Diego office move. Establishing our new space in San Diego is a key step in building a full-service office…
Join us for the next webinar in our series breaking down the recent NPRM for fuels regulatory streamlining. This brief 30 minute discussion will cover:
Testing requirements for CBOB and RBOB (both summer and winter) Blender manufacturers ULSD requirements Fuels Regulatory…
Join us for the next webinar in our series breaking down the recent NPRM for fuels regulatory streamlining. This brief 30 minute discussion will cover:
The proposed oxygenate recertification calculations and potential ramifications The proposed alternative standards and testing…
Join us on-demand for a brief 30 minute discussion on the Notice of Proposed Rule-making concerning Regulatory Streamlining on the ramifications of the penalty values for failure to properly sample and test gasoline.
Regulatory Streamlining – Penalty Values for Improper Testing 1090.1710(g…
Executive Resource Center