Trustee Taxes and Accrued Expenses and Other Current Liabilities

12 Months Ended

Dec. 31, 2019

Trustee Taxes and Accrued Expenses and Other Current Liabilities

Trustee Taxes and Accrued Expenses and Other Current Liabilities

Note 12. Trustee Taxes and Accrued Expenses and Other Current Liabilities

Trustee Taxes

The Partnership had trustee taxes payable of $42.9 million and $42.6 million in various pass‑through taxes collected on behalf of taxing authorities at December 31, 2019 and 2018, respectively.

Volumetric Ethanol Excise Tax Credit—In the first quarter of 2018, the Partnership recognized a one-time income item of approximately $52.6 million as a result of the extinguishment of a contingent liability related to the Volumetric Ethanol Excise Tax Credit, which tax credit program expired in 2011. See Note 2 for additional information.

Loss on Trustee Taxes—The Partnership recognized a loss on trustee taxes of $16.2 million for the year ended December 31, 2017 related to an administratively closed New York State tax audit of the Partnership’s fuel and sales tax returns for the periods between December 2008 through August 2013. See Note 2 for additional information.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following at December 31 (in thousands):

	2019		2018
Barging transportation, product storage and other ancillary cost accruals	$	35,098	$	39,379
Employee compensation		28,150		30,261
Accrued interest		12,849		12,049
Other		26,705		35,585
Total	$	102,802	$	117,274

Employee compensation consisted of bonuses, vacation and other salary accruals. Ancillary costs consisted of cost accruals related to product expediting and storage.