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IRS Allows Highway Vehicle Removal of Aviation Fuel Due to Hurricane Katrina Sept. 9, 2005 (SmartPros) The Internal Revenue Service, to alleviate local fuel shortages caused by Hurricane Katrina, will permit vehicles registered for highway use to remove aviation-grade kerosene (aviation fuel) from certain airports without violating the favorable excise tax treatment to which those airport fueling terminals are currently entitled. The applicable airports include Louis Armstrong New Orleans International Airport, Memphis International Airport, Dallas Love Field Airport, Dallas Fort Worth International Airport, and the George Bush Intercontinental Airport in Houston. This relief applies beginning Sept. 2, 2005, and will remain in effect through Nov. 1, 2005. An airport fueling terminal is generally not considered secure for excise tax purposes if highway vehicles can remove fuel from the airport, but an exception is provided in the case of exigent circumstances. The IRS determined that the aftermath of Hurricane Katrina is an exigent circumstance that meets this condition. 2005 SmartPros Ltd. All rights reserved. |
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