Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2014
Sales and Use Tax Annotations
295.0000 GROSS RECEIPTS
(e) TAXES AND FEES (GOVERNMENTAL)
295.1200 Crude Oil and Chemicals. The tax imposed by section 4611 of the Internal Revenue Code on crude oil received at a United States refinery and petroleum products entered into the United States for consumption, use, or warehousing is includable in the gross receipts of a retailer selling such products. Similarly, the tax imposed by section 4661 of the Internal Revenue Code on listed chemicals is includable in the gross receipts of a retailer making retail sales of such products. 4/22/81.