n-00-33.pdf

us-irs-notices-n-00-33n-00-33.pdfGuidance

Preserve advance releases and the authoritative Internal Revenue Bulletin rendition; directory timestamps are file-publication metadata, not legal effective dates. HTML bulletins begin June 2003; earlier available issues require full PDF parsing.

This collection currently includes the publisher’s available advance-release directory. Historical bulletin renditions are discovered separately; an advance-release record alone does not certify the collection archive complete.

# Part III - Administrative, Procedural, and Miscellaneous

Taxable fuel measurement

## Notice 2000-33

Section 48.4081-8(a) of the Manufacturers and Retailers Excise Tax Regulations
provides that volumes of taxable fuel may be measured on the basis of either actual
volumetric gallons or gallons adjusted to 60 degrees Fahrenheit. Section 48.4081-8(a)
also provides, however, that beginning July 1, 2000, for each period from July 1
through the following June 30, a person liable for tax on a removal may use only one of
the two bases of measurement with respect to taxable fuel removed from any particular
terminal, refinery, or blending facility. This rule also applies to taxable entries and
sales.

The Internal Revenue Service and the Treasury Department have determined
that many taxpayers will have to change their accounting systems to comply with the
rule applicable beginning July 1, 2000, and will be unable to complete the necessary
changes by that date. Accordingly, taxpayers will not be required to comply with the
rule before July 1, 2001. In the meantime, a taxpayer may use either basis of
measurement for each taxable removal, entry, or sale of taxable fuel.

The principal author of this notice is Frank Boland of the Office of Assistant
Chief Counsel (Passthroughs and Special Industries). For further information
regarding this notice, contact Mr. Boland at (202) 622-3130 (not a toll-free call).

Continua la tua ricerca in ChatGPT o Claude

Collega Omnilex per cercare nel corpus legale dal tuo assistente IA.