Stop in for a cup of coffee

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Mopar Tim said:
I sure wish, I have to use propane to heat, no natural gas and electricity is crazy high...
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Too bad you have to have special DoT permits to transport it in any quantities or if say buy it here and drive it there lol
 
Ben Drinkin said:
Research facts before making claims.. Limits the number of people calling you a dumbass! Propane used to be fully fuel tax exempt here, and every farmer had propane trucks and tractors.. Made good economic sense then.
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IF you had the fuel delivered to a tax exempt farm...
 
Ddaddy said:
Ummmm...yeah there is. Farmers can claim a credit for all the taxes paid on gasoline and aviation fuel on their taxes.

“You can claim a credit or refund of taxes on fuel used on a farm for farming purposes. This applies if you are the owner, tenant, or operator of a farm. You can claim only a credit for the tax on gasoline used on a farm for farming purposes. You can claim either a credit or refund for the tax on aviation fuel used on a farm for farming purposes.”
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At the end of the year, yes. But when you buy it, the only tax you DONT pay is the road tax. You still pay the sales tax. I'd be more than happy to grab the fuel and tax records if you'd like... I do have first had experience with this subject.
 
I was never privy to the cost of fuel for my asphalt plant. On a really busy day when I had my game face on, 275gal/hr was not unusual. If the rockheads were giving me wet material, it went up from there.
 
dukeboy_318 said:
At the end of the year, yes. But when you buy it, the only tax you DONT pay is the road tax. You still pay the sales tax. I'd be more than happy to grab the fuel and tax records if you'd like... I do have first had experience with this subject.
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It doesn’t matter when you get the money...it is still Tax exempt.
 
Again!
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Ddaddy said:
It doesn’t matter when you get the money...it is still Tax exempt.
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Not fully. The only thing that is allowed to be written off is the federal taxes. The state taxes on the fuel do NOT get written off. Though they can be counted on the business expense side IF they exceed a certain percentage, I think it's 2-3%
 
dukeboy_318 said:
Not fully. The only thing that is allowed to be written off is the federal taxes. The state taxes on the fuel do NOT get written off. Though they can be counted on the business expense side IF they exceed a certain percentage, I think it's 2-3%
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You just don’t know when to quit dancing, do you?
 
I wonder if that old Minneapolis Molines pulling tractor is still around. Ran on propane and was pretty dang competitive, won a few national titles with it but about every other time he pulled, thing would explode.
 
dukeboy_318 said:
I wonder if that old Minneapolis Molines pulling tractor is still around. Ran on propane and was pretty dang competitive, won a few national titles with it but about every other time he pulled, thing would explode.
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The last line. That's just a normal male bodily function
 
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