Instructions For Form Gt 5 - Maine Gasoline Distributor Tax Return

INSTRUCTIONS FOR MAINE GASOLINE DISTRIBUTOR TAX RETURN

Form GT 5

•

Report inventories, receipts, sales and excise tax for gasoline, gasoline blends (gasoline/ethanol or

gasoline/methanol or gasoline/other product), aviation gasoline, racing gasoline and jet fuel on this tax return.

•

Report receipts of unblended ethanol and methanol on the gasoline distributor tax return in the month the ethanol

or methanol is blended with gasoline.

•

Blank forms, schedules, instructions, fuel tax rates, a list of licensed gasoline distributors and other tax

information are available from Maine Revenue at

ue/fueltax

•

Maine requires reporting in “gross” gallons on a calendar month basis.

•

Records are required to be retained for a period of at least six years.

RECEIPTS

Line 1 – Beginning Inventory. Total gallons in bulk storage at the beginning of the reporting period. (Do not include

gallons in a retail tank). If there are multiple products, combine all inventories. Inventories should not be negative.

Line 2 – Gallons Received – Tax Paid. Gallons received from any source on whic

h Maine excise tax has been paid.

Attach Schedule 1 for each fuel type. A credit for excise tax paid is taken on line 17.

Line 3 – G

allons Received – Tax Unpaid. Gallons received from sources within Maine. Attach Schedule 2 for each

fuel type.

Line 4 – Gallons Imported – Direct to Customer. Gallons importe

d to Maine, tax exempt, which were delivered

directly to a customer in Maine. Attach Schedule 3 for each fuel type.

Line 5 – Gallons Imported – Bulk Storage. Gallons rec

eived from outside Maine, tax exempt, that were delivered into

your bulk storage. Attach Schedule 4 for each fuel

type.

Line 6 – Total Receipts. Total lines 2, 3, 4 and 5.

Line 7 – Available Gallons. Line 1 (Beginning Inventory) plus Line 6 (Total Receipts).

Line 8 – Ending Inventory. Gallons in invento

ry at the end of the month. If there are multiple products, combine all

inventories. Inventories should not be negative.

ine 9 – Accountable Gallons. Line 7 (Available Gallons) minus Line 8 (Ending Inventory).

SALES

Line 1 – Total Gallons Sold. Total gallons sold and used during the reporting period. (Note - gallons delivered into a

retail tank are considered sold at the time the gallons are delivered into the retail tank). Total Gallons Sold may vary from

Accountable Gallons. Do not include adjustments for gains or losses on this return. Any gains or losses will be reported

on the annual Shrinkage Return.

Line 2 – Exports. Gallons sold and exported by your company to a destination outside of Maine. Attach Schedule 7 for

each fuel type. Exports should be sold excise tax exempt. If the sale is to another licensed dis

tributor with title passing in

Maine and the customer exports the product outside Maine, report the gallons on Schedule 6.

Line 3 – Sales to Licensed Distrib

utors. Gallons sold in bulk, excise tax exempt to other licensed distributors. Attach

chedule 6 for each product type.

Instructions For Form Gt 5 - Maine Gasoline Distributor Tax Return - 2008

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