305 - Exempt entities.

§  305.    Exempt entities.--No corporation or unincorporated business  shall be a petroleum business subject to tax under this article  because  it  imported  or  caused  motor  fuel,  diesel  motor  fuel  or residual  petroleum product to be imported into this state or  produced,  refined,  manufactured  or compounded such products in this state where such motor  fuel, diesel motor fuel or residual petroleum product is exclusively for  the use and consumption of such corporation or  unincorporated  business  and  such  corporation  or  incorporated  business  is  an  organization  described in subdivision (a) of section eleven hundred sixteen  of  this  chapter.