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WHAT RATE IS THE WHOLESALE OIL LICENSE FEE BASED ON AND HOW IS THE FEE COMPUTED?

April 26, 2017based computed fee license Oil rate wholesale

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WHAT RATE IS THE WHOLESALE OIL LICENSE FEE BASED ON AND HOW IS THE FEE COMPUTED?

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The rate is 1/2 of 1% and is computed by multiplying the gross sales amount on the initial wholesale sales of illuminating, lubricating oils, and/or fuel oils by the rate of 1/2 of 1%.