Logan Collins and Dave Perry Perry Brothers Aviation Fuels LLC AVGAS Federal Excise 193 Federal LUST 001 Federal Oil Spill 0019 GA Excise 075 or 01 w valid AL License GA State Prepaid 216 ID: 480074
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Slide1
Aviation Fuel Taxes
Logan Collins and Dave PerryPerry Brothers Aviation Fuels, LLCSlide2
AVGAS
Federal Excise (.193)
Federal LUST (.001)
Federal Oil Spill (.0019)
GA Excise (.075 or .01 w/ valid AL License)GA State Prepaid (.216)GA Local Option Prepaid (.16014)
JET
Federal Excise (.243)Federal LUST (.001)Federal Oil Spill (.0019)GA Excise (.075)GA State Prepaid (.138)GA Local Option Prepaid (.09489) -OR-GA State and County Sales Taxes (6,7, or 8%)
Applicable Taxes by ProductSlide3
GA Excise Tax
Rate is .075 cpg on all fuels AvGas
is subject to only .01
cpg
with a valid AL License-available to all users and resellers of Aviation GasolineJet Fuel is exempt if purchaser provides Licensed Distributor with form MFD-3Tax liability computed by multiplying net gallons by applicable rate Slide4
GA State Prepaid Tax
Rates released every six months
Rates have not changed since July 1, 2014 due to executive order issued by Governor Deal
If applicable Jet Fuel uses diesel rate
Tax liability computed by multiplying net gallons purchased by appropriate tax rateSlide5
GA Local Option Prepaid Tax
Rates based on average retail sales price from previous six months
Rates computed by multiplying average retail price by county tax rate (2% or 3%)
Ex. Sumter County
5.338 x 3% = 0.16014
Tax liability computed by multiplying net gallons purchased by appropriate rate per gallon as computed aboveSlide6
Sales Tax Rates by CountySlide7
Tax Remittance
Taxes paid to GA each month
GA Excise and GA State Prepaid are filed on Motor Fuel Distributors Return (all state taxes)
GA Local Option Prepaid and Sales Tax from jet
fuel are filed on GA Sales and Use Return
Taxes are reported based on county of deliverySlide8
Federal Taxes
Federal LUST- .001 cpg charged for every gallon of fuel sold in the United States
Federal Oil Spill- .0019
cpg
charged on every gallon of fuel refined in the United StatesFederal Excise Tax- .193 (AvGas) .243 Jet cpg charged on every gallon at the terminal level; .025
cpg available credit to Ultimate Vendor of Jet fuel Slide9
Federal Excise Tax Credits
Federal Excise Tax liability for jet
f
uel used in non-commercial aviation is .218
cpgFBO will pay supplier full .243 and receive refund from IRS for .025
637 UA Registration required
File form 8849 Schedule 2 to obtain refund