Bill Analysis
SB 1557 would withdraw the tax-exempt status of gasoline or diesel fuel if they are sold in this state to a person who does not hold a supplier, permissive supplier, distributor, importer, or exporter license. A tax would be imposed at the time of sale in this situation.
Requirements would be created for the reporting of sale of tax-free gasoline or diesel fuel purchased for export. A penalty would be administered to anyone who fails to comply with the reporting requirements and who failed to pay the taxes they were subject to.