Iowa Admin. Code r. 701-260.16

Current through Regsiter Vol. 46, No. 26, June 12, 2024
Rule 701-260.16 - Method of reporting taxable gallonage

The exclusive method of determining gallonage of any purchase or sale of motor fuel or special fuel and distillate fuel is to be on gross-volume basis. A temperature-adjusted or other method cannot be used, except as it applies to liquefied petroleum gas and the sale or exchange of petroleum products between petroleum refineries.

This rule is intended to implement Iowa Code section 452A.8 as amended by 1995 Iowa Acts, chapter 155.

Iowa Admin. Code r. 701-260.16

Renumbered from 701-68.16 by IAB September 7, 2022/Volume XLV, Number 5, effective 10/12/2022