SB 530 Fuels Tax Act; tax at the rack.
Martin E. Williams | 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 20th 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 one 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. This bill is identical to HB 1275.

Full text:
01/24/00  Senate: Presented & ordered printed 002681220  pdf
02/15/00  Senate: Committee substitute printed 008442220-S1  pdf
02/17/00  Senate: Printed as engrossed 008442220-ES1  pdf
02/29/00  House: Committee substitute printed 002867880-H1  pdf
03/14/00  Senate: Bill text as passed Senate and House (SB530ER)  pdf
04/28/00  Governor: Acts of Assembly Chapter text (CHAP0729)  pdf

House amendments
House amendments engrossed
Senate amendments rejected

01/24/00  Senate: Presented & ordered printed 002681220
01/24/00  Senate: Referred to Committee on Finance
02/15/00  Senate: Reported from Finance with substitute (15-Y 0-N 1-A)
02/15/00  Senate: Committee substitute printed 008442220-S1
02/16/00  Senate: Constitutional reading dispensed (37-Y 0-N)
02/16/00  Senate: VOTE: CONST. RDG. DISPENSED R (37-Y 0-N)
02/17/00  Senate: Read second time
02/17/00  Senate: Reading of substitute waived
02/17/00  Senate: Committee substitute agreed to 008442220-S1
02/17/00  Senate: Reading of amendments waived
02/17/00  Senate: Amendments by Sen. Williams agreed to
02/17/00  Senate: Engrossed by Senate - comm. sub. w/amds. 008442220-ES1
02/17/00  Senate: Printed as engrossed 008442220-ES1
02/18/00  Senate: Read third time
02/18/00  Senate: Engrossment reconsidered by Senate (36-Y 0-N)
02/18/00  Senate: VOTE: RECONSIDER (36-Y 0-N)
02/18/00  Senate: Amendments by Sen. Williams reconsidered (37-Y 0-N)
02/18/00  Senate: VOTE: RECONSIDER (37-Y 0-N)
02/18/00  Senate: Amendments by Sen. Williams rejected
02/18/00  Senate: Reengrossed by Senate - comm. sub. 008442220-S1
02/18/00  Senate: Constitutional reading dispensed (38-Y 0-N)
02/18/00  Senate: VOTE: CONST. RDG. DISPENSED (38-Y 0-N)
02/18/00  Senate: Passed Senate (38-Y 0-N)
02/18/00  Senate: VOTE: PASSAGE (38-Y 0-N)
02/18/00  Senate: Communicated to House
02/21/00  House: Placed on Calendar
02/21/00  House: Read first time
02/21/00  House: Referred to Committee on Finance
02/28/00  House: Reported from Finance with sub (15-Y 6-N)
02/29/00  House: Committee substitute printed 002867880-H1
02/29/00  House: Read second time
03/01/00  House: Read third time
03/01/00  House: Committee substitute agreed to 002867880-H1
03/01/00  House: Amendments by Del. Rust agreed to
03/01/00  House: Engrossed by House - com. sub. w/amds. 002867880-EH1
03/01/00  House: Passed House with sub. with amendments (70-Y 25-N)
03/01/00  House: VOTE: PASSAGE (70-Y 25-N)
03/01/00  Senate: Reading of substitute with amendments waived
03/01/00  Senate: Passed by temporarily
03/01/00  Senate: House sub. w/amds. agreed to by Senate (39-Y 0-N)
03/01/00  Senate: VOTE: CONCUR HOUSE AMENDMENT (39-Y 0-N)
03/14/00  Senate: Bill text as passed Senate and House (SB530ER)
03/20/00  Senate: Enrolled
03/20/00  House: Signed by Speaker
03/22/00  Senate: Signed by President
04/08/00  Governor: Approved by Governor-Chapter 729 (effective 1/1/01)
04/28/00  Governor: Acts of Assembly Chapter text (CHAP0729)