Taxable fuel definition

Taxable fuel means motor fuel, undyed diesel fuel with the exception of kerosene, aviation special
Sample 1Sample 2Sample 3
Taxable fuel means motor fuel, undyed diesel fuel with the exception of kerosene, aviation special fuel, clean special fuels, synthetic motor fuel, synthetic special fuel, ethanol and blends thereof and any other substance blended with any of the foregoing, to include kerosene or #1 fuel oil when used in a highway vehicle.
Sample 1Sample 2Sample 3
Taxable fuel means fuel on which Customs or Excise duty is payable [section 110-5]. This arrangement — taxing and crediting — is necessary to deal with the fact that fuel tax is paid by the manufacturer or importer of the fuel, well before it is used. Therefore, the fuel tax is levied on the assumption that the fuel could be used in a taxable way, and credits are granted to reverse the effect of the tax when it becomes clear that the fuel will be put to a non-taxable use — that is, used by a taxpayer in carrying on their enterprise.
Sample 1

Examples of Taxable fuel in a sentence

  • Taxable fuel is entered into the United States when it's brought into the United States and applicable customs law requires that it be entered for consumption, use, or warehousing.

  • Taxable fuel means gasoline, diesel fuel, and kerosene.Taxable fuel registrant means an enterer, industrial user, refiner, ter- minal operator, or throughputter that is registered as such under section 4101.

  • Taxable fuel is entered into the United States when it is brought into the United States and applicable customs law requires that it be entered for consumption, use, or warehousing.

  • Ex- cept as provided in paragraphs (c)(1)(ii) and (c)(1)(iii) of this section, blended taxable fuel means any taxable fuel that is produced outside the bulk transfer/ terminal system by mixing—(A) Taxable fuel with respect to which tax has been imposed under sec- tion 4041(a)(1) or 4081(a) (other than taxable fuel for which a credit or pay- ment has been allowed); and(B) Any other liquid on which tax has not been imposed under section 4081.(ii) Exclusion; minor blending.

  • Paragraph (g) is revised.The revisions read as follows: § 48.4081–7 Taxable fuel; conditions for refunds of taxable fuel tax under section 4081(e).* * * * *(b) * * *(4) The person that paid the first tax to the government has met the reporting requirements of paragraph (c) of this section.(c) * * * (1) Reporting by personspaying the first tax.

  • Taxable fuel (as defined in section 4083(a)) or any liquid taxable under section 4041(c) that is used as fuel on a flight for which amounts paid are exempt from the taxes imposed by sections 4261 and 4271 by reason of section 4261(e)(5) is not fuel used in commercial aviation, as that term is defined in section 4083(b).

  • The revision reads as follows:§48.4083–1 Taxable fuel; administrative authority.* * * * *(d) Refusal to submit to inspection.

  • Paragraph (l)(4) is added.The revisions and additions read as follows: §48.4101-1 Taxable fuel; registration.

  • Adding the language “as such” after “is registered" in the definition of Taxable fuel registrant.

  • Taxable fuel; definitions.48.4081–2 Taxable fuel; tax on removal at a terminal rack.48.4081–3 Taxable fuel; taxable events other than removal at the terminal rack.48.4081–4 Gasoline; special rules for gasoline blendstocks.


More Definitions of Taxable fuel

Taxable fuel means fuel in respect of which duty is payable under:
Sample 1
Taxable fuel means alternative fuel, aviation gasoline, aviation jet fuel, blended fuel, diesel fuel,
Sample 1
Taxable fuel means motor fuel, undyed diesel fuel, aviation special fuel, clean special fuels,
Sample 1

Related to Taxable fuel

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Taxable means either:

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Distribution Taxes means any Taxes incurred as a result of the failure of the Intended Tax-Free Treatment of the Internal Restructuring, the Controlled Transfer or the Distribution.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Taxable Period means any taxable year or any other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • Tax Detriment means any item of income, gain, recapture of credit or any other Tax Item which increases Taxes paid or payable.

  • distribution losses means energy losses that result from the interaction of intrinsic characteristics of the distribution network such as electrical resistance with network voltages and current flows;

  • MUNICIPAL TAXABLE INCOME means the following:

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • taxable service means any service provided or to be provided –

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • Payroll Taxes means State Unemployment Insurance (“SUI”), Federal Unemployment Insurance (“FUI”) and payments pursuant to the Federal Insurance Contributions Act (“FICA”).

  • Taxable value shall have the meaning assigned to such term in Section 1.04(10) of the TEXAS TAX CODE.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • REMIC 2 Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.