You might have read a previous notice that the Ohio PATax was going to be adjusted to use a “rolling average” of the wholesale price of gasoline and diesel fuel for each quarter rather than being applied to each wholesale price change.
The rates for the third (3rd) calendar quarter of 2015 are published by the Ohio Department of Taxation as quoted below will apply to invoices reflecting deliveries beginning July 1st, 2015.
Remind your accountant and review the invoices you receive after July 1st, 2015.
Average Wholesale Prices for Calculation of Ohio Petroleum Activity Tax (PAT) Gross Receipts
Publication Date: June 15, 2015
For the Period: 7/1/2015 – 9/30/2015
Pursuant to section 5736.02(C) of the Ohio Revised Code, the Tax Commissioner shall determine the statewide average wholesale prices of a gallon of unleaded regular gasoline and a gallon of diesel fuel for each calendar quarter.
The averages below are to be used to determine the calculated gross receipts of a supplier subject to the Ohio PAT for the period 7/1/2015 – 9/30/2015. These averages should not be used to determine the calculated gross receipts for any other period.
FUEL TYPE AVERAGE* (Shown as dollars per gallon, excluding taxes)
- Unleaded Regular Gasoline: $1.482 times 0.65% = $0.00963per gallon or 0.963 cents per gallon
- Diesel Fuel: $1.756 times 0.65% = $0.01141 per gallon or 1.141 cents per gallon
* Rounded up to the nearest one-tenth of one cent, as required by state law. Data extracted from U.S. Energy