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Show TAX CREDIT AVAILABLE FOR NON-HIGHWAY USE People who use gasoline on farms, for boating or any other non-highway use are entitled to a credit for federal gasoline excise tax they pay. The Internal In-ternal Revenue Service said this credit can be taken when taxpayers file their 1968 Federal Fed-eral income tax returns. The credit is two cents for every gallon of gasoline bought for use in boating and other non-highway uses. Farmers are entitled to four cents a gallon credit for gasoline used on a farm for farming purposes. pur-poses. The IRS said that the gas tax credit is computed on Form 4136, Computation of Credit for Federal Tax on Gas and Lubricating Oil. This form should be attached to income tax returns. Bus systems which provide regular service may also be entitled to a gas tax credit. The credit is generally available avail-able for gasoline used for cleaning tools and machinery, the operation of motor boats, aircraft ,farm equipment, bulldozers bull-dozers and other off-highway vehicles. It also applies to cars and trucks used off the highway high-way in construction, mining or timber operations. Additional information may be obtained by sending a post card to District Director, Internal In-ternal Revenue Service, Salt Lake City 84101. Ask for IRS Publication 308. |