Louisiana Revised Statutes 47:713 – Exclusions and exemptions; casinghead gasoline sold for commercial blending
Terms Used In Louisiana Revised Statutes 47:713
- Motor fuel: means all volatile gas generating liquids having a flash point below 110 degrees F. See Louisiana Revised Statutes 47:712
- Secretary: means the secretary of the Department of Revenue. See Louisiana Revised Statutes 47:712
For the purposes of this Part, the product commonly known as casinghead and absorption gasoline shall be excepted from the operation of the tax levied, when sold to be blended or compounded with other less volatile liquids in the manufacture of commercial gasoline or motor fuel. When, however, such casinghead and absorption gasoline is used without blending as a motor fuel or is sold for use in motors direct, or sold to those who blend for their own use, the taxes levied in La. Rev. Stat. 47:711 shall be paid. Reports of all such sales shall be furnished to the secretary with the report required in La. Rev. Stat. 47:712, and shall show whether the sales were made for blending purposes or for use in motors.
Acts 1984, 1st Ex. Sess., No. 11, §1, eff. July 1, 1984.
{{NOTE: SEE ACTS 1984, 1ST EX. SESS., NO. 11, §3, EFF. MARCH 27, 1984.}}