Announcement 2002-115
Part IV. Items of General Interest
Changes to Excise Taxes, Effective After December 31, 2002
The following changes are effective ofter December 31, 2002, and will be on Form 720 or in the Instructions for Form 720 for the 1st quarter of 2003, and on Form 8849 (Schedules 1, 3, and 4),
1. The tax on sales of luxury passenger vehicles (IRS No. 92) will expire.
2. The tax on use of international air travel facilities (IRS No. 27) increases for amounts paid during 2003 to:
* $13.40 per person for flights that begin or end in the United States and
* $6.70 per person for domestic segments that begin or end in Alaska or Hawaii (applies only to departures).
3. Fuel tax changes
IMAGE TABLE 6The following tax rates will increase:
The gasohol blending credit rates for gasoline taxed at the full rate will decrease:
The following other fuels tax rates (IRS No. 79) will increase:
The tax rates for alcohol (ethanol) sold as but used as fuel (IRS No. 51) will decrease:
In addition, make sure to read these articles:
- Paying Your Taxes Has Never Been Easier.
- Software Spectrum Announces Fiscal 2001 Fourth Quarter and Year-End Earnings.
- REG-114371-05
- Dangerous Deductions
- IRS no longer a "C" student. (IRS News).
- Announcement 2002-10
- IRS refund deadline approaches
- Announcement 2001-48
- ACTORS' TAXES
- Announcement 2001-98
- Notice 2000-28
- Interview with a computer
- Kroger and the IRS Have Teamed Up to Offer theUltimate Taxpayer Relief Program.
- T.D. 8983
- A Jeweler's View of a National Sales Tax
Email
Digg It
del.icio.us
Related Resources
Business Resources
Sponsored Links
Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy
Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.
Provided by ProQuest, LLC. All rights Reserved.
You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
AllBusiness.com, its parent company D&B, and its affiliates.
