North Carolina Administrative Code Title 17 — Revenue

17 NCAC 12B .0502

Record-Keeping Requirements Of Bulk End-Users, Retailers, And Users

Official textreports.oah.state.nc.us19 subsections

A person who is subject to audit pursuant to G.S. 105-449.121(b) shall maintain the following records for a period of three years, as follows:

# (1)

Users shall maintain:

# (a)

all fuel receipts and invoices, including fuel purchased for highway and off-highway use, tax-paid and non-tax-paid;

# (b)

quarterly odometer readings, regardless of weight classification;

# (c)

purchase and disposition dates of fleet vehicles with beginning and ending odometer readings;

# (d)

a list of current vehicles by registered gross weight; and (e) a list of motor carrier decals received, indicating the decals applied to vehicles and those still on hand for all qualified motor vehicles, as defined in the International Fuel Tax Agreement, whether operating interstate or intrastate.

# (2)

Bulk End-Users shall maintain:

# (a)

all fuel receipts, invoices, and bills of lading, including fuel purchased for highway and off-highway uses, tax paid and non-tax-paid;

# (b)

withdrawal records of highway and off-highway fuel from bulk storage;

# (c)

quarterly odometer readings, regardless of weight classification;

# (d)

purchase and disposition dates of fleet vehicles with beginning and ending odometer readings;

# (e)

a list of current vehicles by registered gross weight;

# (f)

monthly beginning and ending inventory of highway and off-highway fuel;

# (g)

a list of motor carrier decals received, indicating the decals applied to vehicles and those still on hand for all qualified motor vehicles, as defined by the International Fuel Tax Agreement, whether operating interstate or intrastate; and (h) monthly totalizer meter readings.

# (3)

Retailers shall maintain:

# (a)

all fuel receipts, invoices, and bills of lading;

# (b)

monthly totalizer meter readings;

# (c)

fuel availability schedules;

# (d)

monthly beginning and ending inventory of highway and off-highway fuel; and (e) fuel sales records.

Last amended: Authority G.S. 105-262; 105-449.121; Temporary Adoption Eff. January 1, 1996; Eff. March 1, 1996; Amended Eff. July 1, 2000; Recodified from 17 NCAC 09K .0602 effective November 1, 2002; Readopted Eff. November 1, 2017.

Source: view the official text

In this chapter (40 sections)

Full table of contents →