WebbOff-highway business use. You may be eligible to claim a credit or refund of excise tax on fuel if you use the fuel for off-highway business use. ... Form 4136 shows an amount on line 1c for use of gasoline in a boat engaged in commercial fishing. This … WebbThe qualified business use reduced rate of tax set forth in paragraph (b)(2)(i)(C) of § 48.4041–1 and the off-highway business use exemption set forth in paragraph (b)(2)(ii)(C) of § 48.4041–1 are not applicable to motorboats unless the motorboat is a vessel employed in the fisheries or whaling business.
Muhammad Zubair - Support Eng. - SmartAVL, UTIS LinkedIn
WebbFor line 1a, the gasoline must have been used during the period of claim for a business use other than in a highway vehicle registered (or required to be registered) for highway use … Webb10 feb. 2024 · Common off-highway business uses of fuel by contractors include stationary machines (e.g. compressors, power saws, generators), bulldozers and … chinese stinky fish
Taxing Consumption and Other Sins - American Economic …
Webb9 mars 2024 · The credit is available to qualified taxpayers for the amount of excise taxes included in the price of gasoline used on a farm for farming purposes, for other off-highway business use, by local transit systems, and by the operators of intercity, local or school buses A special rule applies to diesel and aviation fuel. Form 4136 Webb28850 E Highway 50 Pueblo, CO, 81006 LOCATION, LOCATION... This .86 acre lot is zoned B4 and is host to a 40 x 30 Metal outbuilding and a trailer that can support MANY business opportunities! Both buildings have water and electricity but no gas. Space heaters are being used. The metal outbuilding has a concrete floor, skylights and two … Webb1 jan. 2024 · (a) Nonhighway uses.--Except as provided in subsection (i), if gasoline is used in an off-highway business use, the Secretary shall pay (without interest) to the ultimate purchaser of such gasoline an amount equal to the amount determined by multiplying the number of gallons so used by the rate at which tax was imposed on … grand view blvd elementary school los angeles