§ 60050.2. — 60050.2. (Added by Stats. 2017, Ch. 5, Sec. 33.)

California § 60050.2.

• Jurisdiction: California
• Code RTC: Revenue and Taxation Code - RTC
• Div. 2.: DIVISION 2. OTHER TAXES
• Part 31.: PART 31. DIESEL FUEL TAX LAW
• Ch. 2.: CHAPTER 2. Imposition of Tax

Text

(a)
For the privilege of storing, for the purpose of sale, each supplier, wholesaler, and retailer owning 1,000 or more gallons of tax-paid diesel fuel on November 1, 2017, shall pay a storage tax of twenty cents ($0.20) per gallon of tax-paid diesel fuel in storage according to the volumetric measure thereof.
(b)
For purposes of this section:
(1)
“Owning” means having title to the diesel fuel.
(2)
“Retailer” means any person who sells diesel fuel in this state to a person who subsequently uses the diesel fuel.
(3)
“Storing” includes the ownership or possession of tax-paid diesel fuel outside of the bulk transfer/terminal system, including the holding of tax-paid diesel fuel for sale at wholesale or retail locations stored in a container of any kind, including railroad tank cars and trucks or trailer cargo tanks. “Storing” also includes tax-paid diesel fuel purchased from and invoiced by the seller, and tax-paid diesel fuel removed from a terminal or entered into by a supplier, prior to the date specified in subdivision (a) and in transit on that date.
(4)
“Wholesaler” means any person who sells diesel fuel in this state for resale to a
retailer or to a person who is not a retailer and subsequently uses the diesel fuel.

Legislative History

Added by Stats. 2017, Ch. 5, Sec. 33. (SB 1) Effective April 28, 2017.