California CDTFA Releases Excise Tax Form CDTFA-506-PC, Petroleum Carrier Report With Instructions, Schedules 14D, 14E

The California Department of Tax and Fee Administration (CDTFA) Aug. 1 released Form CDTFA-506-PC, Petroleum Carrier Report with instructions, along with Schedule 14D and Schedule 14E, for excise tax purposes. The instructions include that: 1) vessel, barge, pipeline, and train operators must file a report with CDTFA reporting every gallon of petroleum fuel product received or delivered during the reporting period; 2) the report must be filed on or before the last day of the calendar month following the reporting period to which it relates; 3) for each bulk movement of a reportable product, taxpayers must enter the point of ...