Tax & Accounting Blog

California State Board of Equalization Explains Fuel Tax Changes

Indirect Tax, ONESOURCE, Sales and Use Tax July 5, 2012

                               

California has posted a special notice to explain changes in taxes applicable to retail sales and purchases of diesel fuel. Effective 1 July 2012, the state sales and use tax rate and excise tax rate on retail sales and purchases of diesel fuel will change. The excise tax will decrease to 10 cents  per gallon and the sales and use tax rate for retail sales of diesel fuel will increase to 9.42%, plus any applicable district taxes.  For additional information about this tax change use the link below: 

http://www.boe.ca.gov/news/pdf/l320.pdf