Form 4136 for Tampa Florida 2024-2025

Form 4136 for Tampa Florida: What You Should Know

It is applied to the taxable sale of the Propane Producer's Fuel. For example, if the tax rates are 40% (state tax + local sales tax), and the alternative fuel is 1 of propane, the tax would be 40 because that is the amount the tax would add to the retail sale price of the fuel. A Propane Producer will only claim credit for the taxes paid on fuel used in its farm or processing operation. A Propane Producer may also use this alternative fuel credit to claim an income tax credit for the excise taxes paid on fuels sold by the entity. The alternative fuel production credit is not available to other producers of propane. A Propane Producer may claim this credit only once for each alternative fuel used by the entity for business purposes. If the Propane Producer uses the fuel more than once, all the claimed credits will be issued only to the last use. When the propane producer applies its Propane Production Credit, a claim for the tax is required. State Alternative Fuel Tax Credits The Alternative Fuel Tax Credit is only available for producers of propane in the state listed on the registration form. The claim for the tax does not depend on the use of the credit. For example, if a producer is a resident of one state, and the producer uses propane available elsewhere, the producer can claim the credit if the Propane Producer produces a quantity of propane that meets (or exceeds) the  amount in the alternative fuel production credit year. If it cannot meet the quantity requirement, the producer must file a separate claim for an Alternative Fuel Tax Credit. It is possible for a resident of a state to claim the same credit for propane used in a sale in a state for less than its sales tax of 8 or 9%. There is no limit on the number of Propane Producer registrations that may support an Alternative Energy Tax Credit claim. The claim is based on the number of propane producers in the state that are registered, and the amount of the credit. The Alternative Fuel Tax Credit is only available to producers that have produced at least 30,000 pounds of propane for use by another propane producer on their premises, in its capacity as a member of the propane cooperative and/or as a member of a farm cooperative.

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