New York: Fuel Tax Exemptions Extended
- Aug 6, 2014 | Gail Cole
A number of New York Department of Taxation and Finance. Previously set to expire on August 31, 2014, they are now extended through August 31, 2016.
The extension applies to the following alternative fuels:
- Compressed natural gas (CNG)
- Liquefied natural gas (LNG)
- Natural gas purchased in an uncompressed state to be converted into CNG for use in motor vehicles
A full exemption is allowed for CNG, E85, and hydrogen and a partial exemption is allowed for B20. The exemptions apply to the following:
- Excise tax
- Petroleum business tax
- State and local sales and use taxes
Prepaid sales tax
The exemptions for prepaid sales tax for CNG and hydrogen fuels are also extended, as is the exemption for E85 delivered to and placed in the storage tank of a filing station to be dispensed directly into a motor vehicle for use in the operation of a motor vehicle. Sales of B20 fuel are not eligible for an exemption from prepaid sales tax.
Additional information is available in Technical Service Bureau Memorandums TSB-M-14(4)M and (12)S.
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