Fuel taxes unfair, NBWA tells IRS. (National Beer Wholesaler' Association complains on floor stocks tax on fuel)

From: Modern Brewery Age | Date: January 28, 1991 | Copyright information

Fuel taxes unfair, NBWA tells IRS

The nation's beer distributors unfairly got the "double whammy" on floor stocks taxes, National Beer Wholesaler' Association president Ronald Sarasin said in recent comments filed with the Internal Revenue Service.

The IRS published regulations on December 3, 1990 requiring anyone holding more than 4,000 gallons of gasoline or 2,000 gallons of diesel fuel on December 1, 1990 to pay a floor stocks tax on the fuel, even if it was held as an end-user rather than a reseller. Under last year's tax act, beer wholesalers are also liable for a ...

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