Vaccines
For sales or deliveries after October 21, 1998, any vaccine against
rotavirus gastroenteritis is subject to the tax on vaccines. Previously,
it was not subject to tax. For more information on taxation of vaccines,
see Publication 510, Excise
Taxes for 1999.
Credits and Refunds
Kerosene. After June 30, 1998, the taxation
and dyeing requirement rules of diesel fuel generally apply to kerosene.
The tax on undyed kerosene is 24.4 cents a gallon.
You can take an income tax credit for the excise tax on undyed kerosene
if you meet certain conditions. Use Form
4136, Credit for Federal Tax Paid on Fuels, to figure the credit.
For more information, see Form 4136.
Simplified fuel tax refunds. Beginning
October 1, 1998, you can claim a quarterly refund of the excise tax you
paid on fuels used for nontaxable purposes if the amount is $750 or more.
For more information on this and other changes to fuel taxes, see Publication
378, Fuel Tax Credits and Refunds.
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