New Jersey Statutes
§ 54:15B-13 — Tax levied on persons holding certain fuels.
New Jersey·Title 54 TAXATION
17.
a.There is levied a tax on persons, other than licensed companies pursuant to section 6 of P.L.1991, c.181 (C.54:15B-12), holding the fuels enumerated in subparagraph (a) of paragraph (2) of subsection a. of section 3 of P.L.1990, c.42 (C.54:15B-3) in storage for sale as of the close of the last business day before the 2016 implementation date on which tax has previously been paid. The amount of tax shall be the difference between the tax per gallon specified by subsection a. of section 3 of P.L.1990, c.42 (C.54:15B-3) for the type of fuel sold on or after the 2016 implementation date and the tax previously paid per gallon, multiplied by the gallons in storage of that type of fuel as of the close of the business day on that day.
b.Persons in possession of those fuels in storage as of
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Nearby Sections
15
§ 54:15B-1
Short title§ 54:15B-13
Tax levied on persons holding certain fuels.§ 54:15B-3
Petroleum products tax.§ 54:15B-4
Additional tax§ 54:15B-6
Registration with director§ 54:15B-7
Filing of return; payment of tax.