An Act To Improve the Accuracy of Fuel Tax Reporting
Sec. 1. 36 MRSA §2902, sub-§7 is enacted to read:
Sec. 2. 36 MRSA §2906, sub-§3, as amended by PL 2009, c. 434, §44, is further amended to read:
Sec. 3. 36 MRSA §3202, sub-§4-A is enacted to read:
Sec. 4. 36 MRSA §3203, sub-§5, as amended by PL 2009, c. 434, §50, is further amended to read:
This bill improves the accuracy of Maine's fuel taxes by taking temperature into account when calculating inventory taxes on internal combustion engine fuel and special fuel. Given Maine's climate, fuel distributors, wholesalers, importers and exporters experience fuel shrinkage during cold weather periods. Currently, taxes are based on gross fuel amounts without adjustments for temperature or barometric pressure. This bill provides consistency with practices in other states by requiring that fuel be measured in gallons after it is adjusted to a temperature of 60 degrees Fahrenheit and a barometric pressure of 14.7 pounds per square inch or in gross gallons if elected by the licensed supplier or licensed distributor.