Motor Fuel Tax Schedules And Reports Instruction (Page 36 of 43) in pdf

Line 33: Gal. ND tax-exempt = sum. of p. 1, line 9.

Report the total gallons of tax-exempt sales to consumers during the period covered by this reconciliation.

● Add the page 1, line 9 gallons for each month covered by this reconciliation, and enter the totals.

Line 34: Book inven. = lines 27+28+29-30-31-32-33.

Compute the book inventories, by product code, for each column, for the entire period covered by this

reconciliation.

● Add lines 27, 28, and 29, and subtract lines 30, 31, 32, and 33.

Line 35: Physical inven. = transfer entry from p. 1, line 11.

Report the physical inventories at the end of the current month.

● Enter the physical inventory entries from page 1, line 11, of the current report.

Line 36: Gains: IF line 34 is less than line 35, enter dif.

If the book inventory on line 34 is less than the physical inventory on line 35, you have a gain.

● To compute the gain, subtract line 34 from line 35, and enter the difference.

● If reconciling the current month only, enter the gallons from page 1, line 12.

► For the columns with gains, enter those gains on this line and STOP HERE.

► For the columns with losses, CONTINUE TO LINE 37.

Line 37: Losses: IF line 34 is greater than line 35, enter dif.

If the book inventory on line 34 is greater than the physical inventory on line 35, you have a loss.

● To compute the loss, subtract line 35 from line 34, and enter the difference.

● If reconciling the current month only, enter the gallons from page 1, line 13.

Line 38: Loss allowance = .005 x the total of lines 28+29.

Compute the total gallons on which you may claim a loss allowance for the period covered by the

reconciliation.

● If reconciling multiple months, add lines 28 and 29, and multiply .005 (1/2 of 1%) times the total.

● If reconciling the current month only, multiply .005 (1/2 of 1%) times the sum of line 2 plus line 3

gallons on page 1.

► For columns with loss allowances equal to or greater than the losses on line 37, enter the loss

allowances and STOP HERE.

► For columns with loss allowances less than the losses on line 37, CONTINUE TO LINE 39.

Line 39: Documented casualty losses.

● Enter the number of gallons of fuel lost due to ﬁ re, theft, leakage, spills, or acts of nature.

► When claiming documented losses, you must also provide the Tax Commissioner with written

reports by law enforcement ofﬁ cials, ﬁ re ﬁ ghters, inspectors, and similar persons. Without this

documentation, losses claimed on this line will be rejected.

► For columns where the documented casualty losses are equal to or greater than the remaining

losses, enter the documented casualty losses and STOP HERE.

► For columns where the documented casualty losses are less than the remaining losses, enter the

documented losses and CONTINUE TO LINE 40.

Line 40: Taxable excess losses = lines 37-38-39.

Compute the total excess gallons lost and subject to a ND fuel tax.

● Subtract lines 38 and 39 from line 37.

-33-

Motor Fuel Tax Schedules And Reports Instruction Page 36