Application for exemption permit; form; fee
Sec. 303. (a) A person must apply for an exemption permit on the
form prescribed by the administrator. A fifteen dollar ($15) permit
fee must be paid before an exemption permit may be issued.
(b) An exemption permit is conditioned on the following terms:
(1) The permit holder shall sell all gasoline purchased tax free
under the exemption permit for the exclusive purpose of
propelling the engines or motors of aircraft or motorboats.
(2) The permit holder shall keep for a period of three (3) years,
complete records of all gasoline purchased, acquired, stored,
used, or disposed of by him.
(3) The permit holder shall provide the administrator with such
reports of gasoline purchased, acquired, used, or disposed of as
the administrator may require.
(4) The permit holder shall permit the administrator or his
authorized agent to examine during regular business hours any
of the records of the applicant pertaining to the acquisition, use,
and distribution of gasoline and any of the equipment of the
applicant used for the receipt, storage, or use of gasoline.
(5) The permit holder shall not purchase gasoline tax free for
use in motor vehicles.
(6) The permit holder shall not sell any gasoline acquired tax
free under the exemption permit unless it is sold tax free and
delivered directly into the fuel supply tank of an aircraft or
motorboat.
As added by Acts 1979, P.L.79, SEC.1. Amended by Acts 1980,
P.L.51, SEC.16; P.L.97-1987, SEC.2.
Last modified: May 28, 2006