Form 592 - South Dakota Ethanol Producer Return (Page 5 of 5) in pdf

Ethanol Producer Return Instructions

1. Report total gallons of fuel-grade alcohol in producer’s inventory at beginning of

reporting period.

2. Report total gallons of fuel-grade alcohol produced or upgraded during reporting period.

3. Subtotal gallons of fuel-grade alcohol – Add Lines 1 and 2.

4. Report total gallons of fuel-grade alcohol sold to a licensed Supplier for resale at a

terminal and licensed exporters for export. Attach Uniform Schedule of Disbursements –

Type 6a or 6d.

5. Report total gallons of fuel-grade alcohol sold to parties other than licensed Supplier for

resale at a terminal and licensed exporters for export. Attach Uniform Schedule of

Disbursements – Type 5.

6. Total gallons of fuel-grade alcohol sold during reporting period – Add Lines 4 and 5.

7. Total gallons of fuel-grade alcohol remaining in inventory at end of reporting period –

Subtract Line 6 from Line 3.

8. Total gallons of fuel-grade alcohol sold during reporting period – Record amount from

Line 6.

9. Report total gallons of fuel-grade alcohol produced out of state.

10. Net gallons eligible for production payment – Subtract Line 9 from Line 8.

11. Production payment rate.

12. Production payment allowance for reporting period – Multiply Line 10 by Line 11.

13. Allowance on gallons of ethyl alcohol sold – Multiply Line 5 by 2.25%

14. Fuel Tax due – Multiply Line 5 by $.08.

15. Tank Inspection Fee due – Multiply Line 5 by $.02.

16. Report total gallons of natural gasoline used for denaturing alcohol – Determine from

your records.

17. Report total gallons of gasoline used for denaturing alcohol – Determine this from your

records.

18. Net tax credit due for gallons of natural gasoline and gasoline used as denaturant –

Multiply Lines 16 & 17 by $.22.

19. Net Tank Inspection Fee credit due for gallons of natural gasoline and gasoline used as

denaturant – Multiply Lines 16 & 17 by $.02.

20. Total credit for reporting period – Add Lines 18 and 19.

21. Total Taxes and Fees – Add Lines 14, 15 and subtract Line 20.

22. 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.

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

24. Total Taxes and Fees for this reporting period – Add Lines 21, 22 and add or subtract

Line 23 (depending on balance due or credit).

Form 592 - South Dakota Ethanol Producer Return Page 5