California Revenue and Taxation Code

§ 60050.2

RTC § 60050.2 Effective Apr 28, 2017Div. 2 · Part 31 · Ch. 2

Statute text

(a)For the privilege of storing, for the purpose of sale, each supplier, wholesaler, and retailer owning 1,000 or more gallons of tax-paid diesel fuel on November 1, 2017, shall pay a storage tax of twenty cents ($0.20) per gallon of tax-paid diesel fuel in storage according to the volumetric measure thereof.

(b)For purposes of this section:

(1)“Owning” means having title to the diesel fuel.

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Legislative history

Added by Stats. 2017, Ch. 5, Sec. 33. (SB 1) Effective April 28, 2017.