Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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440.0000 PROPERTY USED IN MANUFACTURING—Regulation 1525

Annotation 440.1485

(a) MANUFACTURING AIDS

(7) Miscellaneous Specific Aids

440.1485 Petroleum Coke. By use of the word "waste", the Legislature did not intend to exempt "moderate to high value byproducts". It has been noted that the quality of petroleum coke can vary significantly from refinery to refinery. Much of the sulfur originally contained in crude oil and almost all of the metals are concentrated in the petroleum coke. The higher the level of sulfur and metals, the less the value of the petroleum coke. Assuming that petroleum coke is not a "moderate to high value byproduct", the sale is exempt from tax regardless that it has some commercial value. 1/7/92.