Current through the 2024 Regular Session.
Section 40-17-347 - Monthly informational report of terminal operators; annual report(a) A terminal operator shall file with the department a monthly informational report showing the amount of motor fuel received and removed from the terminal during the month. The report is due by the last day of the month following the month covered by the report. The report shall contain all of the following information and any other information required by the department: (1) The terminal code assigned by the Internal Revenue Service.(2) The beginning and ending inventory which pertains to the applicable reporting month.(3) The number of net gallons of motor fuel received in inventory at the terminal during the month and each position holder for the motor fuel.(4) The number of net gallons of motor fuel removed from inventory at the terminal during the month and, for each removal, the position holder for the motor fuel and the destination state of the motor fuel.(5) The number of net gallons of motor fuel gained or lost at the terminal during the month.(b) Each person operating a terminal in this state shall file an annual report for each terminal within this state on forms provided by the department. The report must be filed for each calendar year on or before January 31 of the following year. This report must include all of the following data:(1) The net amount of monthly net gallons, gains or losses.(2) The total net gallons removed from the terminal in bulk and across the rack during the calendar year and any other information as the department considers reasonably necessary to determine the tax liability of the terminal operator under this article.(3) The amount of tax due calculated pursuant to Section 40-17-327.Ala. Code § 40-17-347 (1975)