HB 1275 Fuels Tax Act; tax at the rack.
John H. Rust, Jr. | all patrons    ...    notes
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Summary as passed: (all summaries)
Fuels tax; tax at the rack. Changes the procedures for collecting and remitting fuels taxes and rewrites the fuels tax laws. Motor fuels tax will be imposed at the point fuel is removed from a terminal. Licensed suppliers holding an inventory position in motor fuel in a terminal will be required to remit the tax to the Department of Motor Vehicles (DMV) by the twentieth day of the second month following the removal. Currently, fuel tax payments are remitted to DMV by dealers and jobbers. Under the proposed legislation, licensed distributors removing fuel from a terminal and certain importers shall not be required to pay the tax to the licensed supplier until the date the supplier is required to pay the tax to DMV. A licensed supplier acts as trustee for tax payments received. Out-of-state suppliers of imported fuel may act as trustee and remit taxes to DMV; otherwise, the tax must be remitted by a licensed importer. Refiners, terminal operators, bonded importers and suppliers who are position holders or who receive motor fuel through a two-party exchange must post a $2 million bond. Other businesses must post a bond for three times their average monthly liability, up to $300,000 but not less than $2,000. Licensees may be required to file tax returns electronically. Suppliers are provided a collection allowance of 0.1 percent, up to $5,000 per month. Distributors and certain importers are provided an allowance of 1.0 percent, with no cap, in lieu of the current collection allowance. The measure includes special provisions relating to taxes on alternative fuels. A floorstocks tax is imposed on fuel held in storage on the effective date of the act. The felonies listed in the act are felonies under the existing fuels tax laws. Other violations of the fuel tax laws are punishable with civil penalties or as misdemeanors. The bill repeals the current fuels tax chapter of the Code. The measure takes effect January 1, 2001.

Full text:
01/24/00  House: Presented & ordered printed 005459220  pdf
02/15/00  House: Committee substitute printed 002845220-H1  pdf
02/17/00  House: Floor substitute printed 008931880-H2 (Parrish)  pdf
03/14/00  House: Bill text as passed House and Senate (HB1275ER)  pdf
05/01/00  Governor: Acts of Assembly Chapter text (CHAP0758)  pdf

Senate amendments
Senate amendments engrossed

01/24/00  House: Presented & ordered printed 005459220
01/24/00  House: Referred to Committee on Transportation
02/01/00  House: Reported from Tra. w/sub (23-Y 2-N)
02/01/00  House: Referred to Committee on Finance
02/15/00  House: Committee substitute printed 002845220-H1
02/15/00  House: Reported from Finance with sub (12-Y 11-N)
02/16/00  House: Read first time
02/17/00  House: Read second time
02/17/00  House: Committee substitute agreed to 002845220-H1
02/17/00  House: Substitute by Del. Parrish agreed to 008931880-H2
02/17/00  House: Floor substitute printed 008931880-H2 (Parrish)
02/17/00  House: Committee substitute void
02/17/00  House: Pending question ordered
02/17/00  House: Engrossed by House - floor sub. 008931880-H2 (51-Y 44-N)
02/17/00  House: VOTE: ENGROSSMENT (51-Y 44-N)
02/18/00  House: Read third time and passed House (56-Y 39-N)
02/18/00  House: VOTE: PASSAGE (56-Y 39-N)
02/18/00  House: Communicated to Senate
02/21/00  Senate: Constitutional reading dispensed
02/21/00  Senate: Referred to Committee on Finance
02/29/00  Senate: Reported from Finance with amendments (16-Y 0-N)
03/01/00  Senate: Constitutional reading dispensed (40-Y 0-N)
03/01/00  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
03/01/00  Senate: Read third time
03/01/00  Senate: Reading of amendments waived
03/01/00  Senate: Committee amendments agreed to
03/01/00  Senate: Engrossed by Senate as amended
03/01/00  Senate: Passed Senate with amendments (40-Y 0-N)
03/01/00  Senate: VOTE: (40-Y 0-N)
03/01/00  House: Placed on Calendar
03/01/00  House: Senate amendments agreed to by House (75-Y 23-N)
03/01/00  House: VOTE: ADOPTION (75-Y 23-N)
03/14/00  House: Bill text as passed House and Senate (HB1275ER)
03/20/00  House: Enrolled
03/20/00  House: Signed by Speaker
03/22/00  Senate: Signed by President
04/08/00  Governor: Approved by Governor-Chapter 758 (effective 1/1/01)
05/01/00  Governor: Acts of Assembly Chapter text (CHAP0758)