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locate a PLR to answer the question: is racing fuel with 110 octane subject to the...

locate a PLR to answer the question: is racing fuel with 110 octane subject to the gasoline excise tax? provide a proper citation for the PLR and indicate its holding
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Answer #1

PLR of racing fuel with 110 Octane is 200118012

Ref Code : ec 4081

Racing fuel with 110 octane is not subject to the gasoline excise tax

Reason: The racing fuel is not treated as gasoline because:

  • It does not meet the ASTM specification for gasoline.
  • It contains lead
  • It doesn't meet some other specs of ASTM as well
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