Source: http://www.pabulletin.com/secure/data/vol42/42-50/2441.html
Timestamp: 2013-12-08 14:16:10
Document Index: 488096552

Matched Legal Cases: ['§\u20029502', '§\u20029004', '§\u20029002', '§\u20029502', '§\u20029502', '§\u20029502', '§\u20029004', '§\u20026121', '§\u20026121']

[42 Pa.B. 7617][Saturday, December 15, 2012]
B. Calculating the 2013 Oil Company Franchise Tax Rate The rate of the oil company franchise tax imposed under 75 Pa.C.S. Chapter 95 (relating to taxes for highway maintenance and construction), 75 Pa.C.S. § 9502 (relating to imposition of tax) and collected under 75 Pa.C.S. Chapter 90 (relating to liquid fuels and fuels tax), 75 Pa.C.S. § 9004(b), is determined annually by the Department of Revenue (Department) and announced by each December 15 for the following calendar year. The tax rate is determined on a ''cents-per-gallon equivalent basis,'' which is defined by 75 Pa.C.S. § 9002 (relating to definitions) as:
Imposition Section Liquid Fuels Fuels 75 Pa.C.S. § 9502(a)(1) 60.0 60.0 75 Pa.C.S. § 9502(a)(2) 55.055.0 75 Pa.C.S. § 9502(a)(3) 38.5 38.5
Total Mills per Gallon: 153.5 208.5 Decimal Equivalent: .1535 .2085 Multiply by Average Wholesale Price: × $1.25 × $1.25
Product: 19.188¢ 26.063¢ Oil Company Franchise Tax per Gallon (Rounded up to next Highest tenth) 19.2¢ 26.1¢
Alternative Fuel (Liquids) Rate of Conversion (BTU/Gal of Alternative Fuel) Liquid Gallon Equivalent to 1 Gallon of Gasoline @ 114,500 BTU per Gallon Tax Rate per Gallon of Alternative Fuel Ethanol 76,400 1.499 $.208 Methanol 56,560 2.024 $.154
Propane/LPG 83,500 1.371 $.228 E-85 80,460 1.423 $.219 M-85 65,350 1.752 $.178
(Gaseous) Compressed 1 $.312
Natural Gas (CNG) Hydrogen 1 $.312
1 The rate of 5.9¢ per gallon consists of 1.5¢ per gallon tax imposed by 75 Pa.C.S. § 9004(c)(1), and the 4.4¢ per gallon additional tax imposed by 74 Pa.C.S. §§ 6121(a), (b). As limited by 74 Pa.C.S. § 6121(b), the combined rate of these two component taxes may never exceed 6¢ per gallon or be less than 3¢ per gallon. No part of the information on this site may be reproduced for profit or sold for profit.