The Petroleum Products Tax is suspended effective July 1, 2017 (until further notice). See our Special Notice for more information.
What is the petroleum products tax?
It is a tax on the first possession of petroleum products within this state.
How do I pay the tax?
The tax is reported on the excise tax return.
What rate do I pay?
The rate is .003 and is based on the wholesale value of the product.
What are the funds used for?
The funds finance a state pollution liability insurance program. The program provides affordable insurance to owners and operators of underground petroleum storage tanks and heating oil tanks.