Instructions For Form 720 - Quarterly Federal Excise Tax Return - 2002 Page 4
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12Diesel Fuel (IRS No. 60). If you are liable for the diesel
75, and 76. For gasohol that does not contain ethanol,
fuel tax on removal at the terminal rack, report these
use the line for IRS No. 79.
gallons on line (a) of IRS No. 60. If you are liable for the
Other fuels (IRS No. 79). Use the following table to
diesel fuel tax on events other than removal at the
determine the tax for each gallon. Fill in the number of
terminal rack, report these gallons on line (b) of IRS
gallons and the appropriate rate in the Rate column on
No. 60.
the line for IRS No. 79. If more than one rate applies,
leave the Rate column blank and attach a schedule
Multiply the total number of gallons subject to tax on
showing the rates and number of gallons taxed at each
lines (a) and (b) by $.244 and make one entry in the tax
rate.
column.
Tax Rate
Kerosene (IRS No. 35). If you are liable for the
Fuel
per Gallon
kerosene tax on removal at the terminal rack, report
these gallons on line (a) of IRS No. 35. If you are liable
Liquefied natural gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
.1190
for the kerosene tax on events other than removal at the
terminal rack, report these gallons on line (b) of
Qualified —
IRS No. 35.
Ethanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.1305
Multiply the total number of gallons subject to tax on
Methanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.1235
lines (a) and (b) by $.244 and make one entry in the tax
column.
Partially exempt —
Liquefied petroleum gas (LPG) (IRS No. 61). Only
Ethanol produced from natural gas . . . . . . . . . . . . . . . . .
.1140
LPG (such as propane and butane) is reported on the
Methanol produced from natural gas . . . . . . . . . . . . . . . .
.0925
line for IRS No. 61. LPG is taxed at $.136 per gallon.
Gasoline removed or entered for the production of —
Gasoline (IRS No. 62). If you are liable for the gasoline
tax on removal at the terminal rack, report these gallons
10% gasohol (methanol) . . . . . . . . . . . . . . . . . . . . . . . .
.13777
on line (a) of IRS No. 62. If you are liable for the gasoline
7.7% gasohol (methanol) . . . . . . . . . . . . . . . . . . . . . . .
.14929
tax on events other than removal at the terminal rack,
5.7% gasohol (methanol) . . . . . . . . . . . . . . . . . . . . . . .
.15885
report these gallons on line (b) of IRS No. 62. If you are
liable for the additional tax on failure to blend or later
Types of gasohol —
separation, report these gallons on line (c) of IRS No. 62.
10% gasohol (methanol) . . . . . . . . . . . . . . . . . . . . . . . .
.1240
Multiply the total number of gallons subject to tax on
7.7% gasohol (methanol) . . . . . . . . . . . . . . . . . . . . . . .
.1378
lines (a) and (b) by $.184. Multiply the total number of
5.7% gasohol (methanol) . . . . . . . . . . . . . . . . . . . . . . .
.1498
gallons subject to tax on line (c) by the appropriate rate
below. Combine the tax for lines (a), (b), and (c), and
Special motor fuels/alcohol mixture containing —
make one entry in the tax column.
Ethanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.1310
Methanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.1240
Additional tax on failure to blend or later separation.
Anyone who purchases gasoline for gasohol production
Diesel/alcohol mixture containing —
at one of the reduced rates (IRS Nos. 58, 73, and 74)
and fails to blend the gasoline with alcohol is subject to
Ethanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.1910
an additional tax. Anyone who purchases gasohol at one
Methanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.1840
of the reduced rates (IRS Nos. 59, 75, and 76) and later
separates the gasoline from the mixture is subject to an
Diesel sold for diesel/alcohol mixture containing —
additional tax. The additional tax rates per gallon of
Ethanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.21222
gasoline are:
Methanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.2044
Type of Mixture
Rate of Tax
Aviation fuel/alcohol mixture containing —
10% gasohol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$.03845
Ethanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.0860
Methanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.0790
7.7% gasohol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.02887
5.7% gasohol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.02092
Aviation fuel sold for aviation/alcohol mixture containing —
Ethanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.09555
Report the number of gallons on line (c) of IRS No. 62
Methanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.08777
and enter the appropriate rate in the Rate column of that
line. If more than one rate applies, leave the Rate column
Other fuels not shown . . . . . . . . . . . . . . . . . . . . . . . . . . .
.1840
blank and attach a schedule showing the rates and
number of gallons taxed at each rate.
Compressed natural gas (IRS No. 101). Tax is
imposed on compressed natural gas (CNG) that is sold
Gasoline removed or entered for the production of
for use or used as fuel in a motor vehicle or motorboat.
gasohol (IRS Nos. 58, 73, and 74). Only gasoline
The rate of tax is $.4854 per thousand cubic feet
removed or entered for the production of gasohol
(determined at standard temperature and pressure).
containing ethanol is reported on the lines for IRS Nos.
58, 73, and 74. For gasohol that does not contain
ethanol, use the line for IRS No. 79.
Gasohol (IRS Nos. 59, 75, and 76). Only gasohol
containing ethanol is reported on the line for IRS Nos. 59,
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