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Re: Gettin screwed on gas taxes
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Posted by Sam#3 on April 23, 2006 at 11:13:06 from (12.207.18.197):
In Reply to: Gettin screwed on gas taxes posted by NC Wayne on April 22, 2006 at 22:09:12:
Here are some bits and pieces of info on fuel tax(es). I could find nothing in Missouri DOR about fuel being exempted from sales tax but none of my recent purchases from MO, OK or TX charged sales tax Note: Fuel tax is charger by the gallon. We pay the same tax if the fuel is one dollar or ten dollars. So the rate goes down as the price goes up. Doesn't that make you feel better? :) Fuel tax From Wikipedia, the free encyclopedia (Redirected from Gasoline tax) Jump to: navigation, search A fuel tax (also known as a petrol tax, gasoline tax, gas tax or fuel duty) is an excise or sales tax imposed on the sale of fuel. In the United States, the funds are often dedicated or hypothecated to transportation, or even roads, so that the fuel tax is considered by many a user fee. In other countries, the fuel tax is a source of general revenue. In most countries the fuel tax is not imposed on fuel which is not intended for transportation: fuel used to power agricultural vehicles, and or home heating oil which is identical to diesel. This creates an economic incentive for illegal use of fuel. United States of America The first U.S. state tax on fuel was introduced in February 1919 in Oregon. It was a 1 cent per U.S. gallon (0.3¢/L) tax. In the following decade, all 48 U.S. states and the District of Columbia introduced a gasoline tax, and by 1939 an average tax of 3.8¢/gal (1¢/L) of fuel was levied by the individual states. While state fuel taxes had been around for more than a decade, the first federal gasoline tax in the United States was created on June 6, 1932 with the enactment of the Revenue Act of 1932 with a tax of 1 cent/gal (0.3¢/L). The U.S. federal gasoline tax as of 2005 was 18.4¢/gal (4.86¢/L), and the gasoline taxes in the various states range from 10 cents to 33 cents, with an average about 22 cents per U.S. gallon (5.8¢/L). Unlike most goods in the U.S., the price displayed includes all taxes, rather than being calculated at the point of purchase. Who collects and pays the Missouri fuel tax? Missouri receives fuel tax from licensed suppliers on a monthly basis. The suppliers report and pay tax on the number of gallons of fuel removed from a Missouri terminal. Out-of-state suppliers may also collect and pay tax to Missouri on fuel removed from the out-of-state terminal with a Missouri destination. The tax is passed on to the ultimate consumer who purchases the fuel at the retail level. Importers of motor fuel, for which a licensed supplier/permissive supplier did not precollect the fuel tax, are responsible for remitting the fuel tax to the state. What is the Missouri tax rate on motor fuel? Missouri’s fuel tax is 17 cents a gallon for all motor fuel, including gasoline, diesel, kerosene, gasohol, ethanol, biodiesel etc. The tax does not apply to dyed diesel fuel or dyed kerosene, which is dyed in accordance with the IRS guidelines. Missouri also collects two fees on all sales of fuel making the total tax and fees 17.55 cents per gallon
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