Tuesday, March 06, 2007

BioDiesel car might bring IRS agents home!

In a bizarre news post I read states that an elderly couple is being pressed with felony charges for use of untaxed used vegetable oil as motor fuel (is vegetable oil tax free?)and in order to become legal to post a $2500 bond to become special fuel supplier.
According to the same news item, this bond is for, "On the department of revenue's Web site, David Wetzel discovered that the definition of special fuel supplier includes someone who operates a plant with an "active bulk storage capacity of not less than 30,000 gallons." Wetzel also did not fit the definition of a receiver, described as a person who produces, distributes or transports fuel into the state. So Wetzel withdrew his application to become a supplier and receiver.

Mike Klemens, spokesman for the department of revenue, explained that Wetzel has to register as a supplier because the law states that is the only way he can pay motor fuel tax.

But what if he is not, in fact, a supplier? Then would he instead be exempt from paying the tax?

"We are in the process of creating a way to simplify the registration process and self-assess the tax," Klemens said, adding that a rule change may be in place by spring."

So watch out those biodiesel cars, specially with stickers that you proudly display might bring trouble. But State Sen. Frank Watson, R-Greenville, introduced Senate Bill 267, which would curtail government interference regarding alternative fuels, such as vegetable oil. A public hearing on the bill was held at 1 p.m. 1st march in Room 400 of the state Capitol.
follow the link for the complete Herald & Review article.

Links;
Herald & Review article

1 comment:

ravenII said...

the following link also reports on the same.
http://www.dailykos.com/story/2007/3/3/152817/7872