section .0200 – tax and liability

17 NCAC 12B .0201          RACING FUEL

Racing fuel that meets all of the following requirements is not considered gasoline under G.S. 105-449.60 and is not subject to the per gallon excise tax:

(1)           Has an octane rating of 110 or higher;

(2)           Contains lead;

(3)           Does not contain detergent additives;

(4)           Does not conform to the Reid Vapor Pressure standards for reformulated or oxygenated gasoline; and

(5)           Does not meet ASTM specifications for gasoline.

History Note:        Authority G.S. 105‑262; 105‑449.60;

Eff. August 1, 2003;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 20, 2016.