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Federal Oil Spill Liability Tax Reinstated

 

The budget bill passed by Congress included restoration of the 9 cent/barrel tax on oil to pay for spill cleanups. The tax is NOT retroactive. It will take effect March 1, 2018 and it will not apply to transactions between January 1, 2018 and February 28, 2018. There has been a lot of confusion over this tax and suppliers have been handling this differently. PMCI believes that any marketer that was charged the oil spill liability tax between January 1 and February 28 should be entitled to a refund for that tax.

Tax Fuel Federal







RINAlliance EMC Insurance AssuredPartners Seneca Companies Renewable Energy Group HEALTHAlliance Unified Contracting Services PMMIC Insurance Altria Cylinder Express Midwest Petroleum Equipment Otter Creek Country Stores, Inc Sinclair MAST ATM HTP Energy Philip Morris International Westmor Industries Jet Gas Rainbo Oil Company Molo Petroleum Flint Hills GROWMARK Energy Seneca Tank BP Elliott Oil Company McDermott Oil Co Reif Oil Core-Mark Central Bank Valero Cenex Wellmark WorldPay Olsen Fuel Supply Phillips 66 Atlas Community Oil Company Federated Insurance McGowen, Hurst, Clark & Smith PC Mulgrew Oil Delta Dental
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