Form 591 - Liquefied Petroleum Gas (Lpg) Vendor Tax Return (Page 4 of 4) in pdf

Form 591 - Liquefied Petroleum Gas (Lpg) Vendor Tax Return Page 4

LPG Vendor Return Instructions

1. Report gallons sold tax-unpaid to other licensed LPG Vendors – Attach Uniform

Schedule of Disbursements Type 6e.

2. Report gallons sold tax-unpaid for agricultural (exempt) use.

3. Report gallons sold tax-unpaid to exempt government agencies – Attach Uniform

Schedule of Disbursements Type 8.

4. Report gallons sold tax-unpaid to licensed LPG Users or Highway Contractors.

5. Report gallons exported from South Dakota – Attach Uniform Schedule of

Disbursements Type 7.

6. Report gallons sold on which South Dakota sales tax is due and will be reported and

remitted on your sales tax return.

7. Report gallons sold for or used in licensed vehicles upon which fuel tax is due (unless

sold to a licensed LPG User or Highway Contractor).

8. Total LPG gallons sold or exported – Add Lines 1, 2, 3, 4, 5, 6 and 7.

9. Report your beginning LPG inventory.

10. Report total gallons received during reporting period or brought into South Dakota.

11. Report total gallons to be accounted for – Add Lines 9 and 10.

12. Report total gallons sold or exported – Record amount from Line 8.

13. Report your ending LPG inventory – Subtract Line 12 from Line 11.

14. Report Fuel Taxable sales – Record amount from Line 7.

15. Fuel Tax rate

16. Fuel Tax liability – Multiply Line 14 by Line 15.

17. Allowance – Multiply first 25,000 gallons on Line 14 by 2% and the excess gallons by

1%. Add amounts and multiply by $.20. Maximum amount that can be claimed is $500.

18 Net Fuel Tax liability – Subtract Line 17 from Line 16.

19. Interest and Penalty. Interest is calculated at 1.25% per month. First month is $5 or

1.25%, whichever is greater. Penalty is calculated at 10% or $10, whichever is greater, for

filing a return late even if no tax is due.

20. Balance Due or Credit from prior reporting periods (See computer notice).

21. Total Taxes and Fees for this reporting period – Add Lines 18, 19 and add or subtract

Line 20 (depending on balance due or credit).

Form 591 - Liquefied Petroleum Gas (Lpg) Vendor Tax Return Page 4