California CDTFA Issues Excise Tax Guide on Underground Storage Tank Maintenance Fee

The California Department of Tax and Fee Administration Dec. 1 issued an excise tax guide on the underground storage tank maintenance fee. The guide provides: 1) the fee is collected from the owner of an underground storage tank based on the number of gallons of petroleum placed in the tank during the reporting period; 2) the underground storage tank maintenance fee is used to provide revenue for the Underground Storage Tank Cleanup Fund in the General Fund; and 3) the primary purpose of the fund is to provide financial assistance to the owners and operators of underground storage tanks to ...