OVERVIEW

MotorU’s Motor Fuels Tax 101 course provides an overview of motor fuels tax concepts that apply at both the federal and state level of taxation.

This course will provide an overview of three types of tax:

• Motor Fuels Tax

• Inspection Fees

• Environmental Fees

We will describe the four most common ways to tax motor fuels:

• Rack Tax/Terminal Tax

• License Tax/Distributor Tax

• Receipt Tax

• Retail Tax

The course then dives into a high-level overview of the following topics:

• Above the Rack vs. Below the Rack

• How to Identify Taxable Products

• List of Common Customer Exemptions

• Licensing Pitfalls

• Review of Discount and Deferral provisions

• Data Requirements for Tax Return Reporting

LEARNING OBJECTIVES

• Exposure to Motor Fuels Tax Concepts and Complexity

• The 4 Things You Need to Know to Prepare a Motor Fuels Tax Return

• Tax Types
• Tax Imposition Points for each Tax Type
• Taxable Products for each Tax Type
• Exemptions and Licensing for each Tax Type

• Review Data Requirements and Return Filing Options

PREREQUISITES

NONE

WHO SHOULD ATTEND

Motor Fuels Tax professionals new to motor fuels tax – in a return preparation role, a return review role or an oversight role for the motor fuels tax function – with current or prospective fuel transactions, as well as other professionals with an interest in learning more about motor fuels tax.

This course is a recommended prerequisite for other courses in our Course Catalog. See the PREREQUISITES section for each course for additional information.

Motor Fuels Tax impacts companies engaged in refining, trading physical petroleum products, wholesale distributing and clients in the natural gas industry who operate fractionation plants.

ADDITIONAL INFORMATION

• Course Length – 1 hour, 45 minutes

• Prerequisites – NONE

• Course Expiration – 30 days from Enrollment Date

• CPE Credits – N/A

COURSE HANDOUTS

• Key Presentation Slides

• Glossary of Key Terms

COURSE REVIEWED – 4/2024