Sunoco’s Bid For $300M Tax Refund Rejected by Supreme Court

Energy Transfer’s Sunoco Inc. failed to persuade the Supreme Court to take up its appeal to recover $300 million in taxes.

Sunoco blends ethanol with gasoline to create its fuel mixtures and claimed it was eligible to receive a credit to lower its gasoline excise tax liability from 2005 to 2008.

An attorney for Sunoco didn’t immediately return a request for comment.

The U.S. Court of Appeals for the Federal Circuit rejected Sunoco’s arguments in 2018, saying the fuel distributor can’t treat the alcohol fuel mixture credit as a tax-free direct payment and that companies can’t deduct excise tax expenses ...