Read the last part of the following, from - http://www.metaefficient.com/metaefficient/archives/biodiesel/
>From the IRS: The applicable diesel fuel tax rate is 24.4 cents per gallon. This tax is paid by submitting Form 720 Quarterly Federal Excise Tax Return. Biodiesel is considered as a blended diesel fuel. The person that produces the blended diesel fuel, outside the bulk transfer/terminal system (blender), is liable for the tax which is imposed under IRC section 4081(b) upon sale or removal. Blended diesel fuel is any mixture of diesel fuel, with respect to which tax has been imposed and any other liquid(such as kerosene)which no tax has been imposed. The number of gallons of blended diesel fuel subject to the tax, is the difference between the total number of gallons of blended diesel fuel removed or sold, and the number of gallons of previously taxed diesel fuel used to produce the blended diesel fuel. (---IMPORTANT PART---) An exclusion from tax on the "blended taxable fuel" mixture is provided in Treasury Regulations section 48.4081-1(c)(1)(ii) for minor blending if: during any calendar quarter the removal or sale of the mixture in aggregate by the blender is less than 400 gallons. The IRS Form is 720 and publication 510. Thats for the feds... I can't say for the state. Most states probably have similar rules.
|
Hello all,
The rendering company
(company that collects used restaurant fryer oil), issued angry verbal threats
to the Mom and Pop burger joint that gives me their used fryer oil. The
restaurant puts their used fryer oil into my buckets, and I schlep it
away.
The renderers told the
restaurant that it was illegal for them to give me their used fryer oil.
They demanded that the restaurant give them my name and phone number. The
renderers said that it was illegal for people to use fryer oil, or any
other non-petroleum product, for fuel without paying a fuel tax to the state and
feds, and that the restaurant was responsible to see that that tax is paid since
it is their oil that is being used as a fuel. They also said there is
legislation about to go through the California senate that supports their
allegations.
Thoughts?
Thanks,
Frieda
|
_______________________________________________ Biofuel mailing list Biofuel@sustainablelists.org http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): http://www.mail-archive.com/biofuel@sustainablelists.org/
_______________________________________________ Biofuel mailing list Biofuel@sustainablelists.org http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): http://www.mail-archive.com/biofuel@sustainablelists.org/
