Congress Reinstates OSLT: How to File Payment for the Oil Spill Tax during Q3 2018. What is the OSLT? The oil spill liability tax (OSLT) expired on December 31, 2017, but was subsequently reinstated for the period from March 1 through December 31, 2018. The cost of the OSLT is calculated at a rate of… Continue Reading
OSLT
Last Minute Spending Bill Reinstates OSLT for 2018
Last Minute Spending Bill Reinstates OSLT for 2018 The Oil Spill Liability Tax (OSLT) is an excise tax on crude oil products, like natural gasoline used as denaturant for fuel ethanol. The tax had expired at the end of 2017. However, the spending bill passed on February 9 to end the temporary shutdown of the… Continue Reading
