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Simply stated, IFTA works as a "pay now or pay later" system. As commercial motor vehicles buy fuel, any fuel taxes paid are credited to that licensee's account. At the end of the fiscal quarter, the licensee completes a fuel tax report, listing all miles traveled in all participating jurisdictions and lists all gallons purchased.
Taxes on gasoline and kerosene for aviation use have different tax rates than ground transportation by US state. [24] The rate shown is in US cents per gallon as of September 2017 (an updated list is available as of February 2021). [25] State Aviation Fuel Tax (excludes federal tax of 19.4¢/gal) Jet Fuel Tax (excludes federal tax of 24.4¢/gal ...
In 2025, the state will increase its motor fuel tax on diesel, biodiesel, and gasoline from 28.5 cents per gallon to 31.5 cents per gallon. Ethanol will rise to 22.59 cents per gallon ...
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The North Carolina Department of Revenue was created in 1921 by the North Carolina General Assembly. The department is headed by a Secretary that is appointed by the Governor. The secretary is a member of the North Carolina Cabinet. Currently, the department is responsible for administering the collection of the North Carolina state income tax ...
As fuel taxes plummet, states weigh charging by the mile instead of the tank. JULIE CARR SMYTH. Updated June 25, 2023 at 4:57 AM. COLUMBUS, Ohio (AP) — Evan Burroughs has spent eight years ...
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