15 AAC 40.310. Exempt sales, transfers, or uses

(a) Except as provided in (b) of this section, fuel meeting the following requirements is exempt from tax under AS 43.40:

(1) fuel that is specifically excluded under AS 43.40.100 (2)(A) - (L);

(2) fuel withdrawn from a foreign trade zone or bonded warehouse to the extent that an exemption is required by 19 U.S.C. 81a-81u and 19 U.S.C. 1309(a) and (d);

(3) fuel that is exported;

(4) fuel used exclusively for a domestic purpose in single or multiple unit private dwellings, including mobile homes, but not including watercraft;

(5) losses of volume of fuel that occur during handling, transportation, and storage, including losses of volume due to temperature changes of the fuel.

(b) The exemption available under 43.40.100(2)(I) for fuel used to heat private or commercial buildings or facilities does not apply to fuel used in or on watercraft.

History: Eff. 4/1/2001, Register 157

Authority: AS 43.05.080

AS 43.40.010

AS 43.40.100

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