Who is affected by the new partial exemption for sales of motor vehicle fuel?
Any person who sells motor vehicle fuel at wholesale or at retail will be affected by the partial tax exemption. Retailers will need to tax their customers at the new sales tax rate and keep track of motor vehicle fuel sales to report the sales at the new lower rate. Wholesalers will be responsible for collecting the prepaid sales tax on sales of motor vehicle fuel to other wholesalers or to retailers. Wholesalers and retailers of motor vehicle fuel need to make sure they are using the most up to date forms when reporting motor vehicle fuel sales.
Related Questions
- Since the sales and use tax exemption for sales of motor vehicle fuel is only a partial tax exemption, which sales and use taxes still apply when motor vehicle fuel is sold at retail?
- What is the rate of the partial exemption for sales of motor vehicle fuel?
- How do I claim a bad debt loss for taxable sales of motor vehicle fuel?
