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Is racing gasoline a taxable motor fuel?

April 26, 2017FUEL gasoline motor racing taxable

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Is racing gasoline a taxable motor fuel?

1 Answer

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Mississippi’s Petroleum Tax laws define racing gasoline as gasoline manufactured exclusively for use in racing and gasoline containing lead or having an octane of 105 or higher that is not suitable for use on the highways. It is not taxable under Mississippi’s Petroleum Tax laws.