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What method is best for fueling your boat up at your dock?
Very interesting. I had no idea some states will do this. I need to check the tax laws in Georgia.
Probably not worth the hassle of filing unless you are a larger user of fuel , but it was worth it for me in Virginia to collect my fuel receipts since I went through +/- 750 gallons last season. +/- $115.00 check from the state of Virginia back to me
I posted it in post#53...minnesota says no, and irs/feds so no...so that's that for me...But definitely good info for people to look into for their state.
I posted it in post#53...minnesota says no, and irs/feds so no...so that's that for me...But definitely good info for people to look into for their state.
So you both are getting refund from state, not feds? Cause looks like the feds only allow refund if business use. Minnesota as I posted has no intention of refunding.
Every state is different but in Virginia all the gas refunds (non road use) come through the state and I'm pretty sure that is the case for NC. If you burn through a lot of fuel in your boat it may be worth doing some checking with Minnesota on their state website.
So you both are getting refund from state, not feds? Cause looks like the feds only allow refund if business use. Minnesota as I posted has no intention of refunding.
Sure. Here in NC when I buy fuel, it includes a highway-use tax. Since I'm not using the fuel for that purpose, I'm entitled to get that money back. So I keep my receipts and when the new form comes out (It's called the NCDOR GAS-1201 here) I fill it out and attach all the receipts. I ended up getting a check back for $152 this year. Not huge, but enough to make it worth the trouble.
-Charles
I would second this.statement. Here in Virginia the highway tax is like ..167 cents per gallon and I burned about +/-750 gallons last summer and saved all my fuel receipts. This spring I went to the Virginia Game and Inland Fisheries ( VGIF) website and filled out the fuel tax refund and will be getting a check for approx. $115.00 from the state of Virginia. Also to note in Virginia once you have filled out the form the 1st time and send it to the state along with the fuel receipts any subsequent years you are not required to submit the actually gas receipts to the state which is nice. Bottom line if you do lots of boating , it is well worth collecting the gas receipts over the course of the boating season.
Charles, can you tell more about the excise tax refund? I looked at below and looked to my uneducated eyes like use of the fuel would have to be in a business to be tax exempt.
Sure. Here in NC when I buy fuel, it includes a highway-use tax. Since I'm not using the fuel for that purpose, I'm entitled to get that money back. So I keep my receipts and when the new form comes out (It's called the NCDOR GAS-1201 here) I fill it out and attach all the receipts. I ended up getting a check back for $152 this year. Not huge, but enough to make it worth the trouble.
Charles, can you tell more about the excise tax refund? I looked at below and looked to my uneducated eyes like use of the fuel would have to be in a business to be tax exempt.
Anyone else take an excise tax refund? Maybe I am the "odd man out".
I also have 10 of the generic 5-gallon cans from Lowes.
Over the season, I pumped 817 gallons of gas. I know because I keep the receipts and file for an excise tax refund at the end of the year.
In that time, I went through 2 sets of batteries in the pump. That's a grand total of Eight AA batteries. Very near the end of the season, I could tell the batteries were getting weak so I'll start the 2018 season with a new set.
Overall, this is an excellent solution for me. I put a 5-gallon can on a wooden stool, insert the pump and just walk away. There's a built-in overfill prevention switch in the pump which shuts it off when the boat is full.
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