SOME DIESEL TAX COMPLIANCE REQUIREMENTS WON'T GO INTO EFFECT ON JULY 1.

Notice 94-72

The diesel fuel excise tax temporary regulations were published on November 30, 1993. Temporary Regulation 48.4101-4T requires information reporting by terminal operators, throughputters, and gasohol blenders, effective July 1, 1994. The information must be provided to the IRS in the form and at the time required by the Commissioner.

The preamble to the Regulations stated that the IRS would issue proposed rules regarding the treatment of kerosene and the use of dye injection systems, colorless markers, and visual inspection devices, effective July 1, 1994.

The IRS is currently reviewing issues relating to the above items. Until further guidance is issued, the IRS will not change the treatment of kerosene or require the use of dye injection systems, colorless markers, or visual inspection devices, or the making of information reports.