Notice 2021-4: Extension of temporary dyed fuel tax relief, Wisconsin terminals
Extension of temporary dyed fuel tax relief
The IRS today released an advance version of Notice 2021-4, which provides a “final extension” of the temporary dyed fuel relief for taxable fuel removals from certain Wisconsin terminals due to the shutdown of the West Shore Pipeline.
According to Notice 2021-4 [PDF 83 KB], this final extension of the temporary dyed fuel relief will begin on January 1, 2021, and end on December 31, 2021.
The relief applies to Green Bay, Madison, and Milwaukee terminals, and was originally provided in Notice 2017-30, and then extended and expanded three more times, most recently through December 31, 2020, by Notice 2020-4. Read TaxNewsFlash
For more information, contact a tax professional with KPMG’s Excise Tax Practice group:
Taylor Cortright | +1 (202) 533 6188 | email@example.com
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