IFTA TAXES

International Fuel Tax Association Logo

The end of the first quarter of the new year is quickly approaching, and commercial trucking companies across the country know what that means… it is time to reconcile IFTA!  The International Fuel Tax Agreement (IFTA) is a cooperative agreement between forty-eight states in the United States and ten provinces of Canada.  It allows interjurisdictional […]

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Wyoming Tax Break

Tuesday, The Wyoming legislature’s Joint Minerals, Business and Economic Development Committee has sponsored a bill proposing tax relief for oil and gas companies in a bid to stimulate an increase in production. The bill, if approved, calls for tax exemption on oil production until the price of WTI reaches $45 per barrel. A year ago, Wyoming produced […]

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Will Pennsylvania Raise Gas Taxes Again? Update

Last December I wrote about the proposed Transportation and Climate Initiative (TCI), which would require wholesalers of gasoline and diesel in participating states to buy carbon credits to sell their fuel.  As a result of the COVID-19 pandemic, the TCI jurisdictions have adjusted their timeline for developing the program, and a final Memorandum of Understanding […]

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Will Pennsylvania Raise Gas Taxes Again?

In an effort to reduce greenhouse gas emissions from transportation, 12 Northeastern states and Washington D.C., including Pennsylvania, are weighing a regional program that would raise the price of gasoline.  The Transportation and Climate Initiative (TCI) defines their program as a “bipartisan group or Northeast and Mid-Atlantic Jurisdictions” looking to “achieve additional benefits through reduced […]

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Home Heat Tax

Seattle is making an attempt to move aggressively towards cutting the city emissions.   In September, Mayor Jenny Durkan signed a bill that would tax home heating oil an additional 24 cents per gallon.  This tax would be on top of the existing 10% heating oil tax that currently exists for the residents of Seattle.  This […]

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IFTA Tax, who pays, and who doesn’t?

The 3rd quarter of the year ended just a few days ago and trucking companies all over the country are reconciling fuel purchases and miles driven to ensure proper International Fuel Tax Agreement (IFTA) tax filings. If you are not in the trucking business, IFTA is just another acronym to be thrown around, but here […]

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The Tax Man

Every year on July 1st, new state fuel excise taxes are ushered in and yesterday was no different. The chart below lists the increases sorted by highest to lowest. Keep in mind this is on top of the existing state tax. Federal tax is $0.1840 per gallon. This year’s winner is Illinois with a whopping […]

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Fuel Tax Spike in Ohio

On April 3 2019, Ohio Governor Mike DeWine signed a bill which will increase the gasoline and diesel fuel taxes for the state.  Starting on July 1st the state tax on diesel fuel will increase by 19 cents to a total of 47 cents per gallon.  The 67% increase will bump Ohio to the 6th […]

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A Quick Guide to IFTA Fuel Taxes

Everyone involved in the world of commercial trucking is familiar with the term IFTA (International Fuel Tax Agreement), but not everyone knows why IFTA exists and what its intended functions are.  IFTA is an agreement between the majority of U.S. states and the majority of Canadian provinces designed to simplify the way that commercial truck […]

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