Percent of remitted tax liquid petroleum vendor allowed to retain

Any liquid petroleum vendor who properly remits tax under this chapter may retain an amount equal to the percentage of tax remitted as follows:

# (1)

Two percent of the first twenty - five thousand gallons taxed each month;

# (2)

One percent on the gallons taxed in excess of twenty - five thousand each month;

# (3)

The maximum amount retained each month shall be five hundred dollars.

Last amended: Source: SL 1995, ch 71 , § 40.

Source: view the official text

In this chapter (40 sections)

10-47B-20 · Dye added to exempted special fuel
10-47B-21 · Remittance of excise tax on fuels imposed by § 10-47B-5
10-47B-22 · Remittance by importer of certain imported fuel--Exception
10-47B-23 · Remittance of tax when out-of-state supplier owns title to…
10-47B-24 · Remittance of tax on ethyl alcohol and other substances…
10-47B-25 · Remittance of tax on ethyl alcohol and methyl alcohol
10-47B-26 · Remittance of tax on fuel destined for another state but…
10-47B-27 · Remittance of tax on liquid petroleum gas, compressed…
10-47B-28 · Remittance of tax on liquid petroleum gas in vehicle used…
10-47B-29 · Due date for remittance of excise taxes
10-47B-30 · Calculation and payment of tax on special fuel used by…
10-47B-31 · Payment of tax on certain fuels used in self-propelled…
10-47B-32 · Delayed payment of tax by wholesale distributor or retail…
10-47B-33 · 10-47B-33. Repealed by SL 2013, ch 59, § 4
10-47B-34 · Percentage allowed to be retained to off-set administrative…
10-47B-35 · Distribution of amount retained for administrative expenses
10-47B-36 · Retention of administrative expenses not allowed for late…
10-47B-37 · Percentage supplier allowed to retain if payment is late…
10-47B-38 · Amount importer allowed to retain for timely remittance
10-47B-39 · Payment by exporter of administrative cost allowance on…
10-47B-40 · Percent of remitted tax liquid petroleum vendor allowed to…
10-47B-41 · Joint and several liability of officers, managers, or…
10-47B-42 · Required taxes belong to state
10-47B-43 · Preparation and delivery of bill-of-lading setting out fuel…
10-47B-44 · Transportation of motor fuel or special fuel to carry…
10-47B-45 · Required documentation for importing motor fuel or special…
10-47B-46 · Bill-of-lading, drop load tickets, or diversion tickets…
10-47B-47 · Required time period for retention of shipping papers by…
10-47B-48 · Acceptance of fuel without bill-of-lading, drop load…
10-47B-49 · Circumstances requiring issuance of diversion ticket
10-47B-50 · Issuance of drop load ticket--Copy of ticket
10-47B-51 · Reliance on transporter's intended destination state--Joint…
10-47B-52 · Exemptions for bulk plant operator delivering fuel into…
10-47B-53 · Information required on bill-of-lading
10-47B-54 · Information required on diversion ticket
10-47B-55 · Information required on drop load ticket
10-47B-56 · Supplier's license required
10-47B-57 · Application for out-of-state supplier's license
10-47B-58 · Terminal operator's license required
10-47B-59 · Exporter's license required--Licensure in destination state…

Full table of contents →