West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-14C - Motor Fuel Excise Tax
Section 110-14C-7 - Floorstocks
Universal Citation: 110 WV Code of State Rules 110-14C-7
Current through Register Vol. XLI, No. 38, September 20, 2024
7.1. On the effective date of any motor fuel rate change, every licensee, who has in inventory motor fuel upon which the tax has been previously paid, shall take a physical inventory.
7.2. The licensee must file a report within 30 days of the effective date of the rate change.
7.2.a. In addition to the physical
inventory, the report will include evidence of the last floorstocks report made
and evidence of the tax actually paid.
7.3. In the case of a motor fuel tax increase, the additional tax due under the rate increase shall be submitted with the report.
7.4. In the case of a motor fuel tax decrease, a supplier, distributor or producer, retail dealer, exporter or importer may receive a refund of the flat rate under W. Va. Code§ 11-14C-30(d).
7.4.a. The refund is upon the motor fuel on
hand and in inventory on the effective date of the rate change.
7.4.b. The taxpayer must show that the motor
fuel has been included in the previous floorstocks or other applicable
report.
Disclaimer: These regulations may not be the most recent version. West Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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