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Tax Refunds for Dyed Fuels: New Rules for Businesses.

This bill introduces a mechanism for businesses to claim refunds for taxes paid on certain dyed fuels, like diesel or kerosene, that are exempt from tax but for which tax was previously paid. This aims to ease the financial burden on companies using these fuels for tax-exempt purposes.
Key points
Businesses that purchased dyed fuel (diesel, kerosene) and paid tax on it, but the fuel is tax-exempt, can now apply for a refund.
Refunds apply to fuel removed from a terminal 180 days after the law's enactment.
The goal is to reduce costs for businesses using fuels for non-taxable purposes.
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Status:
Introduced
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Additional Information
To amend the Internal Revenue Code of 1986 to provide refunds with respect to certain dyed fuels that are exempt from tax and with respect to which tax was previously paid.
Print number: HR 2146
Sponsor: Rep. Moore, Gwen [D-WI-4]
Process start date: 2025-03-14